15 February 2019

CIRC to assist Taiwan insurers in mainland expansion, paper says

The China Insurance Regulatory Commission (CIRC) will help Taiwan insurers meet their capital needs to expand in the mainland, although the issue of whether to raise the ceiling for their cross-strait investment remains undecided, Economic Daily News reported Wednesday, citing unidentified sources. Meanwhile, CIRC chairman Xiang Junbo {項俊波} said in Taipei on Tuesday that the regulator will speed up the processing of applications of six Taiwan joint ventures to add more branches in the mainland. Xiang is scheduled to hold a meeting with Taiwan’s Financial Supervisory Commission led by chairman Tseng Ming-chung {曾銘宗} on Thursday to discuss cross-strait insurance investment issues, the report said.

– Contact HKEJ [email protected]




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