China plans to become reinsurance hub
Posted On: Jun. 6, 2023 9:59 AM CSTZhang Zhongning, deputy director of the general office of the National Administration of Financial Regulation, said that the regulator plans to establish the country as a global reinsurance hub, Verdict reported citing China Daily. As part of the plans, an international board will be draw up regulations governing the sector. Mr. Zhongning added that a global reinsurance function zone would be created in Lingang Special Area.