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Insurance companies are given permission to diversify their investments into private equity and real estate sectors
- Edwards Wildman Palmer LLP
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- China
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- November 15 2010
The China Insurance Regulatory Commission (CIRC) recently issued Interim Measures on Investment of Insurance Funds in Private Equity (PE Measures) and the Interim Measures on Investment of Insurance Funds in Real Estate (RE Measures
U.S. product safety chief seeks Chinese help with drywall fix
- Edwards Wildman Palmer LLP
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- China, USA
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- October 27 2010
Inez Tenenbaum, the chairman of the U.S. Consumer Products Safety Commission, has asked China to help persuade its drywall manufacturers to cooperate in assisting U.S. homeowners fix their homes
Pilot scheme to permit insurers to tap China's mainland interbank bond market
- Edwards Wildman Palmer LLP
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- China, Hong Kong, Macau
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- August 26 2010
The People's Bank of China (PBC) announced on 17 August 2010 a pilot scheme to permit Hong Kong and Macau insurers, banks and certain other financial institutions, with the approval of the PBC, to invest in the Chinese mainland's 48.8 trillion renminbi (US$7.2 trillion) interbank bond market
China Insurance Regulatory Commission issues guidelines to strengthen insurers' control of funds
- Edwards Wildman Palmer LLP
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- China
- -
- August 26 2010
On 17 August 2010 the China Insurance Regulatory Commission (the CIRC) issued basic guidelines for the internal controls at Chinese insurance companies, which include monitoring their allocation and management of insurance funds
The China Insurance Regulatory Commission proposes to lift interest rate cap
- Edwards Wildman Palmer LLP
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- China
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- August 3 2010
On 11 July 2010 the China Regulatory Commission (the CIRC) stated that it proposed to remove restrictions on insurance companies in China in deciding the assumed (or guaranteed) interest rates for "conventional" (non-participating) life insurance policies in order to protect consumers' interests and encourage innovation in the sector
