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Regulator to tighten check on insurers

Reprints

The China Insurance Regulatory Commission said that it plans to tighten regulation of insurers' shareholders and take action against poor corporate governance and risky capital management, Ecns.cn reported. The action plan includes preventing systemic risk and irrational mergers and acquisitions, cracking down on illegal businesses and taking more effective measures against foreign insurers that fail to meet solvency requirements. 

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