Tag: Chinese insurers


China Strengthens Anti-Money Laundering Rules for Financial Services Firms

January 26, 2022

Via: Insurance Journal

China on Wednesday published revised rules designed to strengthen financial firms’ ability to combat money laundering. The revised rules, which regulates how financial institutions conduct due diligence on clients, and store their identity and trading data, will also bring China […]

Activity, Insurance

China Regulator Puts Cap on Insurers’ Investments in Shareholders

September 9, 2019

Via: Insurance Journal

China’s banking and insurance regulator put a cap on Monday on how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is sharpening its scrutiny of insurers’ and small […]