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China extends pilot program to develop insurance hub

Posted On: Apr. 16, 2019 5:34 AM CST

China's regulatory authorities have extended the pilot program to set up an integrated insurance hub in the Beijing-Tianjin-Hebei region for two more years to Feb. 1, 2021, Asia Insurance Review reported citing sources. Under the rules, regulators give priority to insurers that have not set up branches in the region to open offices in Hebei Province and ease the pressure on Beijing.

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