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 [...]
Posts Tagged ‘Insurance Products’
CHINA BLOCKS MIXED SALE OF INSURANCE, SAVING PRODUCTS BY BANKS
Posted by gary on November 9th, 2010
China Banking Regulatory Commission (CBRC) recently required commercial Banks to stop allowing salespersons from insurance companies to promote insurance products at Banks’ outlets. Banks’ staff with qualification of insurance agent could promote insurance products at banks’ outlets, said the CBRC in a notice. The move aims to regulate banking-insurance cooperation and strengthen risk management over [...]
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