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Results: 1-10 of 15

Hong Kong: yuan liberalisation boosts insurers

  • Edwards Wildman Palmer LLP
  • -
  • China, Hong Kong
  • -
  • July 29 2010

On 20 July 2010, the Hong Kong Special Administrative Region and Beijing signed an historic agreement allowing Hong Kong to become the first yuan clearing centre outside mainland China

Enforceability of Hong Kong arbitral awards in mainland China

  • Edwards Wildman Palmer LLP
  • -
  • China, Hong Kong
  • -
  • February 2 2010

The Supreme People's Court of the People's Republic of China recently issued a letter on 30 December 2009 to all Higher People's Courts in mainland China confirming that ad hoc arbitral awards made in Hong Kong and those arbitral awards made in Hong Kong by the International Court of Arbitration of the International Chamber of Commerce and other foreign arbitration institutions are enforceable in mainland China in accordance with the Arrangement concerning Mutual Enforcement of Arbitral Awards between mainland China and the Hong Kong Special Administrative Region signed in 1999 (the "Arrangement"

China regulator expands limits on bond investment by insurers

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • June 24 2010

On 26 May 2010, the China Insurance Regulatory Commission (the CIRC) announced that it is considering liberalising current restrictions on investments by People's Republic of China insurance companies in stocks and bonds

Insurance institutions may invest in corporate debentures

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • January 12 2010

The China Insurance Regulatory Commission (CIRC), the insurance industry regulator in the People's Republic of China, issued a circular on 31 December 2009, permitting insurance institutions to invest in corporate debentures which are issued in the domestic inter-bank market provided that the corporate debentures satisfy the relevant applicable requirements and have a credit rating of AAA or a long-term credit rating equivalent to AAA assigned by domestic credit rating institutions

Lloyd's China granted licence to write direct insurance

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • June 18 2010

The China Insurance Regulatory Commission (the CIRC) has granted Lloyd's China a licence to write direct insurance

New York Insurance Department announces cooperation agreement with China

  • Edwards Wildman Palmer LLP
  • -
  • China, USA
  • -
  • July 30 2009

On Tuesday, July 28, 2009, Acting New York State Insurance Department ("NYSID") Superintendent Kermitt Brooks announced that the NYSID entered into a Memorandum of Understanding ("MoU") with the International Department of the China Insurance Regulatory Commission ("CIRC"), China’s insurance regulator

The People's Bank of China announce the renminbi will no longer be pegged to the US dollar

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • June 24 2010

The People's Bank of China (the POBC) announced on 19 June 2010 that the renminbi (RMB) was to exit the peg to the US dollar

Draft Tentative Measures for the Administration of the Use of Insurance Funds

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • January 13 2010

The China Insurance Regulatory Commission (CIRC) released on 25 December 2009 Draft Tentative Measures for the Administration of the Use of Insurance Funds (the "Draft Tentative Measures") for public consultation

China Insurance Regulatory Commission in call for insurers to develop e-insurance

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • June 22 2010

Domestic insurers in China are being encouraged by the China Insurance Regulatory Commission (the CIRC) to grow new business through electronic commerce in order to optimize the structure of sales channels and foster the growth of new business

Chinese consider revising plan for a super regulator

  • Edwards Wildman Palmer LLP
  • -
  • China
  • -
  • May 14 2010

China is considering reviving its plan to set up a super regulator in order to make the government's oversight of the financial sector more efficient and expedient and improve the lack of integration and co-ordination between existing regulators