trending Market Intelligence /marketintelligence/en/news-insights/trending/cj4-1r3r8umdiytzant_bq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Chinese regulator unveils stricter rules for shareholders of insurers

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Chinese regulator unveils stricter rules for shareholders of insurers

The China Insurance Regulatory Commission has tightened rules for shareholders of insurance companies, in a new move to prevent the illegal transfer of benefits and other risks.

The regulator proposed to lower the maximum stake a single shareholder can hold in an insurer to 33%, from 51% currently, the CIRC said Dec. 29.

Additionally, a strategic shareholder of an insurance company should have a profit-making record for three consecutive years, while a controlling shareholder of an insurer is required to have total assets of no less than 10 billion yuan, and net assets of not lower than 30% of total assets, Caijing reported Dec. 29.

As of Dec. 29, US$1 was equivalent to 6.95 Chinese yuan.