News - China: CIRC bars insurers from providing third party debt guarantees

March 2011
Asia Insurance Review;Mar2011, p36
Trade Publication
The article reports that the China Insurance Regulatory Commission (CIRC) has asked insurance companies and their asset management firms not to offer debt guarantees for other firms. However, they can offer guarantees for lawsuit-related debt, export credit and marine insurance, and their own units. The move aims at reducing risks in its massive financial system.


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