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China: Regulator to rectify issues in insurance intermediary market

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The China Insurance Regulatory Commission has decided to address some deep-seated problems in the insurance intermediary segment, reports

The regulator has made a list of short-term and long-term goals for this work.

The rectification will take place in five stages, which include looking at the base factors, deepening reform and setting up a revamped system, among other things.

The move is also aimed at promoting innovation in the market.

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