China Development Financial Holding Corp was fined TWD 20mn. Its subsidiaries China Life and KGI Securities were fined TWD 6mn and TWD 2.4mn respectively.
August 4, 2022China Life and UBS have reportedly signed an MoU to set up the joint venture, though the formal launch will be subject to approval from the CBIRC.
December 21, 2021Foreign investors will be able to increase their stakes in insurance asset management companies to 100 percent and assume control.
December 14, 2021The CBIRC released the results of its first evaluation of corporate governance of insurance groups. None of the 10 participating groups top marks.
February 8, 2021China is planning to install anti-graft officials at some of the largest state-owned financial institutions in the country, according to an SCMP report.
November 9, 2018