China's regulator to continue preferential treatment for Hong Kong reinsurers

Pedro Gonçalves
clock • 1 min read

The China Banking and Insurance Regulatory Commission (CBIRC) has announced the renewal of an agreement that sees the continuation of preferential treatment to the Hong Kong reinsurance industry. The CBIRC, through a statement by Hong Kong's Insurance Authority (IA), said the continuation of the preferential treatment has played a positive role in promoting mutually beneficial development of both mainland and Hong Kong reinsurance markets. Under the China Risk Oriented Solvency System (...

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