Oct 21, 2023 05:27 AM

FINANCE

China Defines Insurers That Are ‘Too Big to Fail’

By Ding Feng and Han Wei

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The guidelines specify assessment criteria and weighting, including 13 assessment indicators in four dimensions.

The guidelines specify assessment criteria and weighting, including 13 assessment indicators in four dimensions.

Chinese regulators outlined criteria to define insurance companies that are systemically important in their latest effort to strengthen the regulatory framework to fend off financial risks.

The People’s Bank of China and the National Administration of Financial Regulation (NAFR) issued a set of guidelines Friday to identify insurers whose failure might trigger a systemic crisis.

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