Date
25 September 2017

CIRC tightens grip on insurance investment units, paper says

Chinese regulators are ramping up oversight of investment activities by insurance companies to guard against insider trading, Shanghai Securities News reported Tuesday, citing an unnamed source.

The move, which follows a string of insider trading scandals in the securities industry in recent years, targets insurers’ asset management units.

The China Insurance Regulatory Commission will examine their decision-making process, internal risk controls and trading and settlement operations, the report said.

Insider trading risks have been growing since insurers were allowed to expand their business into trust products and debt securities, it said.

– Contact HKEJ at [email protected]

KZ/AC/RA

 

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