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​Chinese regulator pushes for more transparency in insurers’ connected transactions

By Toh Han Shih ( May 6, 2016, 10:15 GMT | Insight) -- The China Insurance Regulatory Commission is raising the bar for transparency among Chinese insurance firms, drafting a new law requiring greater disclosure of connected transactions, having recently announced failings on that front by some major Chinese insurers. Insurance firms will be required to report the use of funds in connected transactions, including investment funds, funds under entrusted management and external investments conducted with related parties.The China Insurance Regulatory Commission, or CIRC, is raising the bar for transparency among Chinese insurance firms, drafting a new law requiring greater disclosure of connected transactions, having recently announced failings on that front by some major Chinese insurers....

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