Tag Archives: Investment

China Pacific Insurance’s 2022 Net Profit Fell on Lower Investment Income – money.andronezia.com

14 mins ago Business 1 Views Published: March 26, 2023 at 7:58 PM ET By Yi Wei Wong China Pacific Insurance (Group) Co. said its net profit will fall in 2022 due to lower investment income. Net profit fell to 24.61 billion yuan ($3.58 billion), compared with CNY26.83 billion a year earlier, it said on… Read More »

PRC Regulation on Insurance Overseas Investment in Investable Varitetis – money.andronezia.com

I. Regulatory Framework Regarding overseas investment, Chinese companies are required to comply with the rules of the National Development and Reform Commission (“NDRC”) and the Ministry of Commerce (“MOFCOM”) governing overseas investment, however, insurance companies that are subject to separate industry regulations must also comply regulations of the China Banking and Insurance Regulatory Commission (“CBIRC”,… Read More »