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China’s Insurers Slide in Corporate Governance

By Yang Qiaoling and Aries Poon
The regulator's assessment didn't include three firms which it is currently investigating, including Foresea Life Insurance. Foresea has been banned from selling high-risk
The regulator's assessment didn't include three firms which it is currently investigating, including Foresea Life Insurance. Foresea has been banned from selling high-risk "universal life insurance" products since December. Photo: Visual China

Corporate governance at Chinese insurers has declined over the past year and a half, albeit not alarmingly, a regulatory audit finds.

Four midsize insurers — June Life Insurance Co. Ltd., Huaxia Life Insurance Co. Ltd., Sino-Conflux Insurance Co. and Chang An Property & Casualty Insurance Co. Ltd. —require “special attention,” following the China Insurance Regulatory Commission’s (CIRC) assessment of the industry’s governance standards for 2016 and the first half of 2017.

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