China insurance regulator toughens supervision to avert risks

Updated 2017-04-21 13:30:50 Xinhua

The China Insurance Regulatory Commission (CIRC) announced enhanced supervision over insurance companies to prevent risks.

The insurance sector should guard against liquidity risks, corporate governance problems and insolvency issues that prevail in some insurance companies, warned the CIRC in a statement on Thursday.

The commission urged regulators to strictly supervise administrative permissions, information disclosure and penalties to improve the weak links in the system.

China's financial regulators have recently strengthened oversight and issued harsher punishments to remedy shortcomings and promote efficiency, in a sweeping campaign to protect against systemic financial crisis, a key task outlined by the country's leadership.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58March 18 2018 19:45:54

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16March 18 2018 19:45:54

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18March 18 2018 19:45:54

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords