A pilot offshore insurance market is expected to open in the Shanghai free trade zone (FTZ), Shanghai Securities News reported Monday, citing Pei Guang, chief of the municipal insurance regulator. Also, the government may ease regulations to allow insurers to invest in a boarder range of projects overseas. Under the pilot scheme, insurance data and information will be integrated into the FTZ’s oversight regime, Pei was quoted as saying. In addition, he urged banks in the FTZ to establish customized management systems, the report said.
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