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  • November 24, 2014
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Results 1 - 10 of 41 for insurance

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  1. Business - Banking & Finance - REGULATION

    China to allow insurers to raise funds through preferred shares

    Posted Sep 20th 2014, 05:10am by Kwong Man-ki

    ... Insurers to get extra channel to raise funds The mainland plans to allow insurers to issue preferred shares in a step to widen their funding channels to bolster solvency while pursuing growth. The China Insurance Regulatory Commission had sent a circular to companies seeking their opinions on the issuance of preferred shares, the Shanghai Securities News said yesterday. Insurers were ...

  2. Business - China Business - REGULATION

    Chinese insurers fined 111m yuan over price fixing in car policies

    Posted Sep 03rd 2014, 10:19am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com China’s anti-monopoly regulator has slapped a fine of 111 million yuan (HK$139.86 million) to an insurance association and 23 property insurers in Zhejiang province for fixing prices on car insurance policies. The Zhejiang Provincial Insurance Association and the 23 property insurers in the eastern province were found guilty ...

  3. Business - Banking & Finance - REGULATION

    Bank regulator proposes tightest shadow lending oversight to date

    Posted Nov 22nd 2014, 05:04am by DON WEINLAND

    ... less-transparent channels such as securities brokers and, more recently, insurance companies through which they can structure products. In the short term, more clarity on the nature of banks' ...

  4. Business - China Business - REGULATION

    Regulator eases red tape for marine insurance in Shanghai free-trade zone

    Posted Jun 05th 2014, 02:35pm by Kwong Man-ki

    ... marine insurance The mainland's insurance regulator is using the Shanghai free-trade zone as a testing ground for more flexibility in marine insurance, furthering a goal of cutting red tape. The recent move of the China Insurance Regulatory Commission would streamline the supervision and operation of the marine insurance business in the trade zone, according to Chen Xingyu, ...

  5. Business - Money - REGULATION

    Beijing proposes draft rules to ease limits on foreign investment

    Posted Nov 06th 2014, 06:08am by Reuters

    ... finance companies and insurance brokerages. Beijing, however, would continue to bar foreign investment in key sectors, the draft said, with mainland legal affairs consulting, tobacco and cultural ...

  6. Business - Companies - REGULATION

    Lawmakers call for wider insurance reforms

    Posted May 28th 2014, 01:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Lawmakers support moves to protect insurance policyholders but suggest measures include safeguards against unfair treatment of agents Calls for broader insurance reforms Lawmakers have urged the government to go further in insurance reform by bolstering the independence and regulatory power of the proposed Insurance Authority to be set up next ...

  7. Business - Companies - REGULATION

    Insurers back rules on investment linked policies

    Posted May 22nd 2014, 01:19am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Insurers back rules on investment-linked policies Local insurers support the Securities and Futures Commission and other government measures to crack down on reckless or negligent sales of insurance products in a bid to enhance investor protection, according to industry players. The Office of the Commissioner of Insurance is consulting ...

  8. Business - China Business - REGULATION

    Shanghai mayor pledges to speed up financial reforms in free-trade zone

    Posted Nov 03rd 2014, 04:19am by AFP

    ... chairman of German insurance giant Allianz, said in a paper presented at the meeting. Some 12,600 companies have registered in the FTZ since its establishment but only 14 per cent were ...

  9. Business - Banking & Finance - REGULATION

    Insurance reform in China to lead to consolidation of industry

    Posted Apr 22nd 2014, 09:25am by Kwong Man-ki

    ... to assist smaller insurance firms The move by the mainland's insurance regulator to loosen controls on mergers and acquisitions among Chinese insurers is the first step towards establishing ... insurance industry, said Wang Guojun, an insurance professor at the University of International Business and Economics. "This is the first step, which is also an important step," Wang ...

  10. Business - Economy - REGULATION

    Insurance oversight body moves step closer

    Posted Apr 17th 2014, 01:10am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The creation of an independent Insurance Authority is expected next year, with the authorities readying a bill on reform this month Insurance oversight body moves step closer The government will proceed with the long-awaited insurance regulatory reform by submitting a bill at the end of this month to set up an independent Insurance Authority ...




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