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Regulator to tighten rules for Chinese insurers

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The China Insurance Regulatory Commission said that it would tighten regulations for insurers in order to cut the risks from equity investments, Ecns.cn reported.

Numerous insurers have purchased equities recently via leveraged trading, raising concerns about their ability to meet financial obligations.

"Some insurers will face risks like weakened solvency capability under the new regulatory regime that will be implemented next year," said CIRC chairman Xiang Junbo.

"The credit risk, misallocation of assets and capital market volatility will mean greater uncertainties about investment returns of insurance firms," he added.

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