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This year, some insurers of China conducted the equity transfers. This March, Guodian Capital Holding Co. as a subsidiary of state-owned Guodian Corporation had purchased a 50% stake in Old Mutual-Guodian life insurance, previously known as Skandia-BSM life insurance; and Shao Guoyong, the General Manager of Guodian Finance Company, was appointed as the Board Chairman [...]
Posts Tagged ‘China Insurance Regulatory Commission’
Many Insurers Conducted Equity Transfers
Posted by gary on December 2nd, 2010
Posted in Insurance News 
Tags: Axa, Axa Life Insurance, Bank Of China, Board Chairman, China Insurance Regulatory Commission, China Minmetals, Commercial Bank Of China, Customer Resources, Finance Company, Holding Co, Industrial And Commercial Bank Of China, Industrial And Commercial Bank Of China Icbc, Joint Venture, Life Insurer, Minority Shareholders, Proportions, Robust Performance, Shareholding 
No Comments »Smaller Insurers Try to Attract Banks
Posted by gary on December 2nd, 2010
As the salespersons of insurance companies are not allowed to sell products in banking outlets, many smaller insurers have to try every means to make the lenders sell their products. In addition, the new policy of China Banking Regulatory Commission (CBRC) requires that each outlet of a commercial bank can sell the products of not [...]
Posted in Banks & Thrifts Tags: Banking Institutions, Cbrc, China Banking Regulatory Commission, China Insurance Regulatory Commission, Circ, Commercial Banks, Commercial Lenders, Customer Complaints, Customer Resources, Development Strategies, Insurance Companies, Insurance Firms, Insurance Products, Life Insurance Premiums, Management Market, Market Customers, Risk Control, Sales Channels, Salespersons, Wealth Management No Comments »CHINESE INSURERS TO REPORT THEIR PROPERTY, EQUITIES INVESTMENTS
Posted by gary on November 9th, 2010
The China Insurance Regulatory Commission (CIRC) on Friday issued a circular requiring insurance companies to report their investments in real-estate projects and equities of non-listed companies. The move aims to strengthen the supervision of insurers’ investments, said the CIRC. The insurance regulator also urged insurance companies to provide analysis reports on their real-estate investments, including [...]
Posted in Insurance News Tags: China Insurance Regulatory Commission, Circ, Estate Projects, Information System, Insurance, Insurance Capital, Insurance Companies, Insurance Regulator, Investment Conditions, Listed Companies, Management Modes, Property Insurance, Property Investments, Quarterly Basis, Real Estate Investments, Solvency, Supervision No Comments »
