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.
TEHRAN, 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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