China tightens distribution of investment-linked policies

Feb 4, 2009

Banks are now required to set up separate wealth management desks from which to sell investment-linked products.

Over the past several years, investment-linked policies have been a key driver of corporate revenue for China's insurance companies, just like any other insurance market in Hong Kong, Taiwan or Singapore. The slump in the sales of investment-linked policies in 2008 that followed the bursting of the product bubble and revelations of widespread abuses of mis-selling was a costly blow to the entire industry.

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