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News ID: 19209
Asia » Asia
Publish Date: 12:00 - 12 February 2018
TEHRAN, February 12 -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 pct of net assets as of the end of the previous quarter.

China to cap insurance firms' offshore financingTEHRAN, Young Journalists Club (YJC) - 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 pct of net assets as of the end of the previous quarter.

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

Source: Reuters

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