China to cap insurance firms’ offshore financing

13-Feb-2018 Intellasia | Reuters | 6:00 AM Print This Post

China’s insurance regulator said on Monday that insurance firms must cap their outstanding offshore financing amount that is backed by domestic guarantees at 20 percent of net assets as of the end of the previous quarter.

The notice was posted on the website of the China Insurance Regulatory Commission.

https://www.reuters.com/article/us-china-insurance/china-to-cap-insurance-firms-offshore-financing-idUSKBN1FW0FK

 


Category: China

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