BEIJING -- China will regulate some insurers' bank deposits to strengthen risk management during interest rate liberalization, China's insurance watchdog said Wednesday.
Insurance companies should standardize operations with bank deposits, which amount to about one third of total foundamental insurance assets, according to the statement released by China Insurance Regulatory Commission.
The statement calls for a custody mechanism for bank deposits, regulating deposit certificate mortgage business and enhancing information disclosure.
Enhanced regulations will aid insurers to handle possible asset management risks brought by the liberalization of interest rates, which is expected to be realized within one or two years according to the central bank governor's remarks.
 |
 |
| ?Info-graphic: State Council's Reform |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
