www.china.org.cn
Domestic
World
Business
& Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Life
News of
This Week
Books / Reviews
Learning Chinese
China to Tighten Insurance Regulation
CIRC president Ma Yongwei made the promise Friday at a national meeting for insurance enterprises and regulatory administrations, saying that CIRC will further rectify and enhance the system of regulation index of solvency to complete evaluation of the local enterprises' solvency in 2001.

Experts say CIRC's practice of strengthening marketing behavior and solvency evaluation is in the interests of the current insurance industry in China.

Ma said China's insurance industry is facing great challenges following the country's WTO entry.

CIRC will help the local insurance industry open wider and enjoy faster development, he said.

Ma said that the priority of CIRC this year is to improve administrative approval procedure, carry out the insurance charge reform throughout the country, and enhance information in a timely way so as to guarantee effective, efficient regulation work.

The meeting was attended by representatives of 52 insurance enterprises, including 32 foreign business, and 31 CIRC's branch offices throughout the country.

(People's Daily February 9, 2002)

In This Series
References
Archive
Web Link