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Newly appointed People’s Bank of China Governor Zhou Xiaochuan, middle, poses for souvenir photos with delegates during the sixth plenary meeting of the National People’s Congress at the Great Hall of the People on March 16, 2013.
New Hands Take the Financial Regulation Wheel
April 1, 2013
By Caixin staff reporter Ling Huawei
Who’s steering China’s carefully managed financial system? Speculators were busy name-guessing before and for several months after the Communist Party’s 18
th National Congress in November.
Finally, the dust started to settle with formal appointments announced a few days after the National People’s Congress session concluded in March. Additional appointments to regulatory and state-bank posts were expected soon.
Sedgwick announces leadership changes in China
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SHANGHAI, Jan. 25, 2021 /PRNewswire/ Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, announced strategic changes to the executive management team for its operations in China.
John Law, who has served as general manager of our operations in China since 2005, has taken on a new role as in-country technical director and head of business development. William Huang will now serve as general manager for China.
Law has worked in loss adjusting for 31 years, gaining extensive experience in handling a variety of complex loss claims, including property, construction/erection all risks (CAR) and business interruption. He has held multiple management roles in loss adjusting in Hong Kong, Taiwan and China. As general manager of operations in China, he has handled multimillion dollar claims associated with
November 2020 update of top 5 Chinese EV startups’ insurance registrations
Monika From Gasgoo
| December 30 , 2020
Shanghai (Gasgoo)- In November, consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles (MLI) for 176,718 homegrown new energy passenger vehicles (NEPVs), representing a year-on-year hike of 180.22%, according to the China Insurance Regulatory Commission (CIRC).
For the first eleven months, China s NEPV insurance registrations jumped 16.28% from a year ago to 901,908 units.
Among the NEPVs registered last month, 21,015 units were from Chinese EV startups, a splendid growth of 224.21% compared to the year-ago period.
The six startups whose Nov. registrations exceeded 10,000 units were NIO, Li Auto, Xpeng Motors, WM Motor, Leapmotor and HOZON Auto. Their registrations totaled 20,006 units last month, while still outnumbered by those of the Model 3, whose insurance volume stood at 21,572 units.
China Regulators Remove Restrictions on Insurance Fund Investment
China
December 11 2020
On November 12, 2020, the China Banking and Insurance Regulatory Commission (“CBIRC”) issued a new rule with regard to removing industry restrictions on financial equity investment by insurance companies. The newly released Notice on Matters Related to Insurance Fund Financial Equity Investment (the “Notice”) took effect on November 12, 2020 and is consistent with the speech made by China Premier Li Keqiang on July 15, 2020, calling for the “cancellation of industry restrictions for insurance funds undertaking financial equity investment.” Chinese insurance companies are some of the biggest in the world by market capitalization. This new Notice is undoubtedly good news to relevant industries and companies.