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Results: 1-10 of 21

Insurance companies are given permission to diversify their investments into private equity and real estate sectors
  • Locke Lord LLP
  • China
  • 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


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


Bermuda signs tax information exchange agreement with China
  • Locke Lord LLP
  • Bermuda, China
  • December 15 2010

On December 2 2010, Bermuda signed a Tax Information Exchange Agreement ("TIEA") with the People's Republic of China in an effort to strengthen the economic and political ties between the two countries


Hong Kong: yuan liberalisation boosts insurers
  • Locke Lord 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


The China Insurance Regulatory Commission proposes to lift interest rate cap
  • Locke Lord LLP
  • China
  • 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


Chinese drywall - Chinese President says that he will look into drywall responsibility
  • Locke Lord 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
  • Locke Lord 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


Chinese consider revising plan for a super regulator
  • Locke Lord 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


U.S. product safety chief seeks Chinese help with drywall fix
  • Locke Lord LLP
  • USA, China
  • 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


China Insurance Regulatory Commission issues guidelines to strengthen insurers' control of funds
  • Locke Lord LLP
  • 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