News China15 Oct 2021

CBIRC coins new category of shareholders for insurers, issues rules to supervise them

| 15 Oct 2021

The CBIRC yesterday published the "Measures for the Supervision of the Behaviour of Large Shareholders of Banking and Insurance Institutions (Trial Implementation)". The aim of the regulation, which is already in effect, is to improve supervision over shareholders of insurers and banks, strengthen corporate governance, prevent financial risk and prevent such shareholders from interfering improperly with the normal operation of insurers or banks.

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