Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
CIRC pledges to defuse risks
Print Edition
CHINA’S insurance regulator said yesterday that it will find and defuse hidden risks in the use of insurance funds, a fresh move to tighten supervision of the multitrillion-dollar sector.
Authorities will stop the illegal use of insurance funds, keep the leverage ratio under control and fill regulatory gaps, according to a statement from the China Insurance Regulatory Commission.
Inspections will be focused on major investment in stocks, equities, real estate, alternative and financial products as well as overseas investment.
The sector will be screened for compliance risks, regulatory arbitrage, asset-liability mismatches and other major risks.
Those who violate laws and regulations will receive the maximum punishment.
Chinese insurers grabbed headlines for using leveraged money to buy shares in listed companies, triggering sharp volatility in the market late last year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
