Reg­u­la­tor warns on in­surer credit as­sets

China Daily (USA) - - BUSINESS -

The in­sur­ance reg­u­la­tor said on Mon­day that risks are ris­ing for in­sur­ers’ credit as­sets, ac­cord­ing to a post on the of­fi­cial web­site of the China In­sur­ance Reg­u­la­tory Com­mis­sion. The in­sur­ance reg­u­la­tor has adopted a slew of mea­sures this year to re­duce risks for in­sur­ers, from rein­ing in ag­gres­sive ac­qui­si­tions to in­vest­ing in long-term as­sets us­ing short-term funds. Chen Wen­hui, vice-chair­man of the CIRC, said 80 per­cent of in­sur­ance as­sets are in­vested in credit-re­lated as­sets and credit risks are ris­ing, even as in­sur­ance firms chase higher yields.

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