February 12, 2018 / 7:21 AM / 5 months ago

China to cap insurance firms' offshore financing

BEIJING (Reuters) - China’s insurance regulator said on Monday that insurance firms must cap their outstanding offshore financing amount that is backed by domestic guarantees at 20 pct of net assets as of the end of the previous quarter.

FILE PHOTO: A man walks past an office building of China Insurance Regulatory Commission (CIRC) in Beijing, China November 18, 2017. REUTERS/Stringer

The notice was posted on the website of the China Insurance Regulatory Commission.

Reporting by Beijing Monitoring DeskEditing by Shri Navaratnam

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below