Insurance News
- Regulator to issue additional insurance rules
Date: 9-Aug-2007 Sources: (Shenzhen Daily)
THE China Insurance Regulatory Commission (CIRC) plans to issue additional requirements for prospective foreign investors in the domestic insurance industry, including assets of at least US$2 billion in the year prior to the investment.
The requirements are in draft rules posted on the regulator's Web site for public comment. According to the draft, qualifications for foreign financial investors also include a rating of 'A?or above over the previous three years by an international rating agency, as well as a profitability track record of the previous three fiscal years.
Sponsor Results:
