BEIJING (APP): China Banking and Insurance Regulatory Commission (CBIRC) has started soliciting public opinion on a revised regulation on foreign insurance companies.
The revised regulation will mainly clarify access conditions for foreign insurers and overseas financial institutions, fine-tune shareholder change and access requirements, and scrap foreign ownership caps, according to the CBIRC.
New market access conditions will not be added and entry barriers will not be raised under the revised regulation, the CBIRC said, adding that the domestic and foreign insurers will be able to conduct business under the same rules. The revised regulation aims at promoting a higher level opening-up while continuing to strengthen risk management and control.
ISLAMABAD (Reuters): The National Assembly on Friday passed the government’s tax-heavy finance bill for the…
F.P. Report PESHAWAR: Chief Minister Khyber Pakhtunkhwa Sardar Ali Amin Khan Gandapur presided over the…
F.P. Report ISLAMABAD: Supreme Court (SC) on Friday accepted Senator Faisal Vawda and Muttahida Qaumi…
F.P. Report LAHORE: The Centre for Aerospace & Security Studies (CASS), Lahore, hosted a seminar…
Razmig Bedirian The Sharjah Art Foundation is presenting several new and rarely-seen acquisitions in an exhibition…
Dr. Diana Galeeva In Russian history, there are many tragic days that are symbolically connected…
This website uses cookies.