China will regulate some insurers' bank deposits to strengthen risk management during interest rate liberalization, China's insurance watchdog said Wednesday. Insurance companies should standardize operations with bank deposits, which amount to about one third of total foundamental insurance assets, according to the statement released by China Insurance Regulatory Commission. The statement calls for a custody mechanism for bank desposits, regulating deposit certificate mortgage business and enhancing information disclosure. Enhanced regulations will aid insurers to handle possible asset management risks brought by the liberalization of interest rates, which is expected to be realized within one or two years according to the central bank governor's remarks on Tuesday
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor