China Revises Rules to Boost Contributions to State Insurance Bailout Fund

Chinese regulators revised rules on how insurance companies should contribute to the state-run industry bailout fund by introducing adjustments reflecting each company’s risk level, a move expected to bring more money into the multibillion-dollar fund.

The China Banking and Insurance Regulatory Commission (CBIRC), along with the Ministry of Finance and the People’s Bank of China, published revised rules Thursday governing the China Insurance Security Fund, which led the high-profile restructuring of troubled insurers including Anbang Insurance Group Co. Ltd. and New China Life Insurance Co. Ltd.