Popular Searches: 　AIG 　china 　sunamerica+aig 　LIFE 　financial 　health
  • Share

CBRC sets out rules for bank's investment in insurance company pilot scheme

 

Saturday, Nov 28,2009, 10:29:25 AM   Click:

The China Banking Regulatory Commission (CBRC) has published the rules for the pilot scheme of commercial banks investing in insurance company equities, on its website on November 26.


The measures make it clear that investments by commercial banks should only be made in existing insurance companies at present, and that one commercial bank can only invest in one insurance company.

The Bank of Communications' share participation in China Life-CMG Life Assurance Company, and the Bank of China's share participation in Heng An Standard Life Insurance, have both been approved by the regulators.

  • Share
  • Print

You may also be interested in:

Discuss this news

Click Here to see all comments
Please aware of self to obey the Internet related policy laws and strictly forbid to release porn, violence.
Appraisal:

Name:

Email:

Content:

Featured

When Reno County Sheriff's Detective Diana Skomal refers to her deer season, it's personal. She hit two or three deer one season, Skomal recalled. On Friday, Skomal's own vehicle was in the shop for

Deer, drivers vying for road right of way: Motorists

When Reno County Sheriff's Detective Diana Skomal refers to her deer season,

CHICAGO--(BUSINESS WIRE)-- (This is an amended version a release issued earlier today containing revised information on the dollar amount of MFC's unrealized losses on alternative asset classes in

Correction: Fitch Affirms Manulife Financial Corp's

CHICAGO--(BUSINESS WIRE)-- (This is an amended version a release issued earlier

NEW YORK--(BUSINESS WIRE)-- Anthony J. Nugent, executive vice president, employee benefits sales, for MetLife, Inc. (NYSE: MET), will present at the Wachovia Securities 19th Annual Mid-Year Equity

MetLife Executive to Speak at Wachovia Conference

NEW YORK--(BUSINESS WIRE)-- Anthony J. Nugent, executive vice president,

CHICAGO--(BUSINESS WIRE)-- CNA Financial Corporation (NYSE: CNA) announced today that John Hennessy has been appointed to the position of chief executive officer of CNA's European operations. The

CNA Appoints John Hennessy Chief Executive Officer,

CHICAGO--(BUSINESS WIRE)-- CNA Financial Corporation (NYSE: CNA) announced

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Good) and upgraded the issuer credit rating (ICR) to bbb+ from bbb of 1st Choice Auto

A.M. Best Upgrades Ratings of 1st Choice Auto

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial

Great Southern Bank, Springfield, Missouri, Assumes All of the Deposits of Vantus Bank, Sioux City, Iowa Vantus Bank, Sioux City, Iowa, was closed today by the Office of Thrift Supervision, which

Southern Bank, Springfield, Missouri, Assumes All of

Great Southern Bank, Springfield, Missouri, Assumes All of the Deposits of

SAN DIEGO--(BUSINESS WIRE)-- Second graph, quote should be attributed to: Ed Malinowski, Associate Vice President, Solutions Development (sted: Joe Miller, Director of E-Business). The corrected

CORRECTING and REPLACING NaviNet Announces NaviNet

SAN DIEGO--(BUSINESS WIRE)-- Second graph, quote should be attributed to: Ed

MOST POPULAR