BEIJING, April 23 China's insurance regulator
said on Sunday it will ramp up its supervision of insurance
companies to make sure they comply with tighter risk controls
and threatened to investigate executives who flout rules aimed
at rooting out risk-taking.
The China Insurance Regulatory Commission said in a notice
on its website it had told companies to strengthen controls in
10 areas, including liquidity risk and capital management, and
implement 39 measures to stamp out risky investments and
It did not specify what those 39 requirements are.
The statement is another show of resolve by Beijing in its
latest efforts to tackle risk in the financial system in the
world's second-largest economy. On Thursday, the regulator
called on insurers to strengthen supervision of investment
activity and correct market disorder.
Some insurers have taken sizeable stakes in market-listed
companies in recent years, often funded by the issuance of
high-yield, short-term universal life insurance and other
(Reporting by Josephine Mason and Yawen Chen; Eding by Paul