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Regulator Tests New Rules for Better Oversight of the Insurance Industry

The CIRC will rate insurers from A to D based on their ability to manage their assets and liabilities. Photo:VCG
The CIRC will rate insurers from A to D based on their ability to manage their assets and liabilities. Photo:VCG

China’s insurance regulator released a series of rules on Thursday to strengthen supervision of how insurers manage their assets and liabilities, the latest move in Beijing’s broader efforts to curb financial risks.

The China Insurance Regulatory Commission (CIRC) said it would implement these new rules on a trial basis, with no regulatory actions based on rating results, for at least a year to allow insurers to adjust.

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