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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

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

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

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

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

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

Chinese drywall - Chinese President says that he will look into drywall responsibility

  • Edwards Wildman Palmer LLP
  • -
  • China, USA
  • -
  • April 21 2010

United States Senator Bill Nelson (D-Fla.) reports that, this week, Chinese president Hu Jintao told him this week that he would investigate problems with Chinese manufactured drywall

Hong Kong and Guangdong sign cooperation agreement

  • Edwards Wildman Palmer LLP
  • -
  • China, Hong Kong
  • -
  • April 16 2010

The Governor of Guangdong Province, representing the Guangdong Provincial Government, and the Chief Executive of the Hong Kong Special Administrative Region (the SAR) signed a Framework Agreement on Hong KongGuangdong Co-operation (the Framework Agreement) at a signing ceremony in Beijing on 7 April 2010

Insurance market performance in 2009

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

According to the Statistics on China Insurance Business for 2009 recently published by the China Insurance Regulatory Commission (CIRC), total insurance premiums in China received in 2009 amounted to RMB 1.11 trillion, up 13.8 from 2008

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"