Working Group News
China Regulator Drafts Rules to Widen Insurers’ Investments
The China Insurance Regulatory Commission has drafted 10 investment rules for insurance companies, some of which are “basically ripe” for publication, the watchdog said in a statement on its website today.
Analysis: Chinese drivers pose fresh risks for foreign insurers
"People like us who buy Ferraris don't care too much about insurance because we buy cars for speeding," said Li, in his twenties and the son of a Pearl River Delta factory owner, as he took delivery of a new 5 million yuan ($787,500) 458 Spider, his fourth red Ferrari. "If we crash, we just throw them away."
China's Bank Opening Fails to Inspire
China's pledge to give private capital real access to the nation's lucrative banking sector has triggered more skepticism than excitement, with analysts saying entry barriers remain firmly in place.
Read moreChina Must Speed Reform Even as Hard Landing Avoided: Liu
China needs to speed the pace of domestic reform and change its economic model to become less reliant on exports and reduce the impact of crises such as the one roiling Europe, said former banking regulator Liu Mingkang.
Read moreUS may levy countervailing duties on wind towers from China
The US Commerce Department Wednesday announced its affirmative preliminary determination in the countervailing duty (CVD) investigation of imports of utility scale wind towers from China, signaling that it may impose punitive duties on these products.
Read moreConstruction boom could hinder economic growth
After a slew of economic data for April pointed a worsening downturn, China will soon move to speed up approvals for infrastructure construction and investment in an attempt to revive the country's slowing economy, according to recent statements made by Premier Wen Jiabao.
Read moreSolar firms rally against US antidumping probe
A Chinese machinery chamber on Thursday announced that it has organized 14 of the country's solar panel companies to cope with an antidumping investigation launched by the United States.
Read moreWeak property developers challenged
Weak property developers in China are likely to face a test of their survival abilities this year, Standard & Poor's Ratings Services said in a report on Thursday.
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