Insurance M&A rules raise the bar for investors
保险并购法规提高投资者的投资门槛
April 01, 2017 | BY
Katherine Jo &clp articlesThe CIRC's new draft regulations are set to change the landscape of investments in Chinese insurance companies中国保监会新发布的《保险公司股权管理办法(征求意见稿)》将改变中国保险公司的投资环境
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The China Insurance Regulatory Commission (CIRC) has been increasing its focus on financial risks in the insurance industry since 2016. Aggressive sales of high return products, asset-liability mismatch, ill-conceived acquisitions and risky asset investments, including overseas acquisitions, have all been highlighted in recent circulars to insurers and statements by officials.
Among other measures to mitigate these risks, the CIRC is acting to strengthen the shareholding structure of insurance companies. On December 29, 2016, it released the Measures for the Administration of Equity Interests in Insurance Companies (Draft Measures) for public consultation.