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Results: 1-10 of 21

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
  • China, USA
  • 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


Insurance institutions may invest in corporate debentures
  • Locke Lord 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


Draft Tentative Measures for the Administration of the Use of Insurance Funds
  • Locke Lord 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


New accounting standards for insurance companies
  • Locke Lord LLP
  • China
  • January 11 2010

The Chinese Ministry of Finance (MoF) and the China Insurance Regulatory Commission (CIRC), the insurance industry regulator in the People's Republic of China, have jointly issued detailed rules requiring insurance companies to adopt new accounting standards in compiling their 2009 financial reports


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


Insurance market performance in 2009
  • Locke Lord 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


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


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


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