China is about to approve real estate investment rules for insurers, with the authorities mindful that insurance capital should not be used to encourage speculative bubbles.
The China Insurance Regulatory Commission has expanded insurance companies' investment capabilities in a number of areas.
Banks are now required to set up separate wealth management desks from which to sell investment-linked products.
The CIRC believes salary levels in the mainland's nascent insurance industry are too high, and is moving to put a cap on the pay scales of investment and management professionals.
Assistant chairman Yuan Li shares his views on China’s economy, the global financial crisis and the domestic insurance industry. He gives an update on QDII, real estate, ...
Officials from the CSRC, CBRC and CIRC have met with counterparts in Taiwan’s FSC. Market watchers expect a deal to be finalised by mid-2009.
China's insurers will have until December 31 to tweak their asset portfolios to meet new ratios. Foreign-affliated insurers are expected to file reports separately.
The CIRC demands that Chinese insurance companies open their asset management books and file reports of all "outstanding value at risk" by August 25.
The approval is expected to free up insurance assets for fund management companies.
Six insurers from China have received approval from CIRC to trade Hong Kong securities.