CBIRC

Last year, banks were involved in 50 percent of financial institutions! Yu Xuejun, former deputy minister-level cadre of the China Banking and Insurance Regulatory Commission: Any bank that fails or goes bankrupt must have problems in compliance and risk management

2022-01-23: There are significant gaps in compliance and risk management for failed, bankrupt banks. NBD Reporter Xiao Shiqing NBD Editor Chen Xing The South Financial Law Summit Forum 2022, hosted by the South Institute of Financial and Economic Law and the China Judicial Major Data Institute, was held…  

Promoting the digital transformation of the banking and insurance industry The China Banking and Insurance Regulatory Commission proposes a three-year goal

2022-01-22: In the context of the much-explored transformation of banking insurance institutions, the Bank Insurance Board has made top-level planning to fully advance the digital transformation of banking insurance. It was informed that the Guidance on Digital Transformation of the Banking Insurance…

The China Banking and Insurance Regulatory Commission issued a document to strengthen the risk supervision of information technology outsourcing

2022-01-22: The Superintendency of Silver Insurance recently issued the Measures for the Regulation of Risks from Outsourcing Information Technology in Banking Insurance Institutions, which further strengthens the regulation of risks from outsourcing information technology in banking insurance institutions,…

Insurance products such as "0 yuan for the first month" and "free protection", China Banking and Insurance Regulatory Commission: Don't be "routine"

2022-01-21: Is it attractive to see “First Month 0Yuan” “First Month 1Yuan” or even “free” insurance ads on a mobile phone that cost less than cabbage to buy a million-dollar insurance? There's a lot of neighborhoods to buy, but is that really good? Let's look at some real cases.  

China Banking and Insurance Regulatory Commission issued the "Interim Measures for Off-site Supervision of Insurance Companies"

2022-01-21: In order to establish a sound off-site supervision system for insurance companies, clarify the division of responsibilities for off-site supervision, regulate the off-site supervision of work processes, and improve the efficiency of off-site supervision. In accordance with the relevant laws and…  

The China Banking and Insurance Regulatory Commission issued the "Measures for the Risk Supervision of Information Technology Outsourcing of Banking and Insurance Institutions"

2022-01-21: According to the information of 21 January of the Superintendency of Banking Insurance Institutions, in order to further strengthen the oversight of the outsourcing of risks in information technology in banking insurance institutions, to promote the upgrading of the capacity of banking insurance…

China Banking and Insurance Regulatory Commission: Incorporate information technology outsourcing into routine risk monitoring and on-site inspections of banking and insurance institutions

2022-01-21: Today, in order to further strengthen the risk monitoring of information technology outsourcing by banking insurance institutions, to promote the upgrading of information technology outsourcing risk control capabilities of banking insurance institutions, and to promote a robust digital…

The China Banking and Insurance Regulatory Commission issues regulatory measures to incorporate information technology outsourcing risks into the comprehensive risk management system

2022-01-21: The relevant officials of the Superintendence of Silver Insurance stated that the Scheme was intended for banking insurance institutions supervised by the Superintendence of Silver Insurance, that all service providers were treated equally, that no additional entry threshold had been added, and…

China Banking and Insurance Regulatory Commission: Inducing consumers to give priority to consumer credit is "routine" marketing

2022-01-20: On January 20, 2022, the China Bank Insurance Board issued a Risk Notice on Protection against “Siding” Marketing (hereinafter referred to as the Hint) to warn of the marketing risks of “Scope Loans” and to make it clear that “inducing consumers to use consumer credit on a priority basis, such as…

The China Banking and Insurance Regulatory Commission issued a risk reminder to remind consumers to be wary of "routine" marketing in lending and insurance

2022-01-20: NBD Reporter Yuan Garden NBD Editor Ryodan In the name of financial operations, illegal possession, routing in the name of private borrowing and illegal fund-raising, among other issues, are of great concern and have always been serious violations of the law by the State. At the same time,…

China Banking and Insurance Regulatory Commission: Beware of excessive debt risks and use personal consumption credit loans in a reasonable and compliant manner

2022-01-20: On January 20, China’s cyber-fiscal news came out on the website of the Silver Insurance Supervisory Board, which published “Risk Alerts for Protection Against “Siding” Marketing. The Silver Insurance Supervisory Board has stated that issues such as routing in the name of financial operations,…  

What are the "routine" marketing behaviors in the financial field? China Banking and Insurance Regulatory Commission reminds consumers to be wary of "routine loans" and "routine insurance"

2022-01-20: Economics for the 21st Century, Lee Hsien Beijing reported that on January 20, the Silver Insurance Supervisory Board released Risk Alerts on Protection Against “Siding Road” Marketing. In the name of financial operations, illegal possession, routing in the name of private borrowing and illegal…

The China Banking and Insurance Regulatory Commission reminds: Beware of illegal "agent rights protection" infringement, and be cautious about signing and authorization

2022-01-20: On 20 January, the Board issued a Risk Alert on Protection against “Siding” marketing, stating that high-profile financial operations, routing for illegal possession, lending under the guise of private borrowing, and illegal fund-raising have been criminal offences that have been severely…

China Banking and Insurance Regulatory Commission reminds consumers to guard against "routine loans", "routine insurance" and other behaviors

2022-01-20: In the name of financial operations, illegal possession, routing in the name of private borrowing and illegal fund-raising, among other issues, are of great concern and have always been serious violations of the law by the State. In addition, “widows” such as forced tying, misleading sales, and…

The China Banking and Insurance Regulatory Commission issued a document to simplify the supervision report on the use of insurance funds and cancel 34 supervision reports

2022-01-19: On 19 January, the SISCO Network issued a circular on streamlining regulatory reporting on the use of insurance funds (hereinafter referred to as the circular), which aims to further implement the State Council's reform requirements of “release of uniforms”, consolidate regulatory resources, focus…  

China Banking and Insurance Regulatory Commission once again reminded that "Huiminbao" has risks

2022-01-19: [Societal Internet Finances Consolidated Report] Recently, the Silver Insurance Supervisory Board issued a Circular on the Issuance of Reports on Developments and Recommendations for Commercial Health Insurance (hereinafter referred to as the Circular), in which it raised the risk of negative…

More than 70 million people in 27 provinces participated in the "Huimin Insurance", and the China Banking and Insurance Regulatory Commission warned against adverse selection and loss risks

2022-01-19: Recently, the Daily Securities Journal journalists have been informed of the recent issuance of the Circular on the Issuance of Reports on Developments and Recommendations in Commercial Health Insurance (hereinafter referred to as the Circular) by the Silver Insurance Supervisory Board, in which…

More than 70 million people in 27 provinces participated in the "Benefiting the People's Insurance", the China Banking and Insurance Regulatory Commission reminded the adverse selection and loss risks

2022-01-19: Recently, the Daily Securities Journal journalists have been informed of the recent issuance of the Circular on the Issuance of Reports on Developments and Recommendations in Commercial Health Insurance (hereinafter referred to as the Circular) by the Silver Insurance Supervisory Board, in which…

First! China Banking and Insurance Regulatory Commission’s special inspection on related-party transactions in the use of insurance funds

2022-01-18: Recently, the Superintendency issued a circular (hereinafter referred to as " the circular " ) on the introduction of special checks on the use of insurance funds for related transactions. In 2022, the Superintendency of Insurance organized a special nationwide inspection on the use of insurance…

Insufficient risk protection capability and low level of professional management The China Banking and Insurance Regulatory Commission issued a document directly pointing to the development of commercial health insurance

2022-01-18: A reporter from the Shanghai Securities Journal was informed today that the Health Insurance Department has recently issued a circular to personal insurance companies on the publication of a report on the development and recommendations of commercial health insurance, clarifying the significance…

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CBIRC


Last year, banks were involved in 50 percent of financial institutions! Yu Xuejun, former deputy minister-level cadre of the China Banking and Insurance Regulatory Commission: Any bank that fails or goes bankrupt must have problems in compliance and risk management

2022-01-23: There are significant gaps in compliance and risk management for failed, bankrupt banks. NBD Reporter Xiao Shiqing NBD Editor Chen Xing The South Financial Law Summit Forum 2022, hosted by the South Institute of Financial and Economic Law and the China Judicial Major Data Institute, was held…  

Promoting the digital transformation of the banking and insurance industry The China Banking and Insurance Regulatory Commission proposes a three-year goal

2022-01-22: In the context of the much-explored transformation of banking insurance institutions, the Bank Insurance Board has made top-level planning to fully advance the digital transformation of banking insurance. It was informed that the Guidance on Digital Transformation of the Banking Insurance…

The China Banking and Insurance Regulatory Commission issued a document to strengthen the risk supervision of information technology outsourcing

2022-01-22: The Superintendency of Silver Insurance recently issued the Measures for the Regulation of Risks from Outsourcing Information Technology in Banking Insurance Institutions, which further strengthens the regulation of risks from outsourcing information technology in banking insurance institutions,…

Insurance products such as "0 yuan for the first month" and "free protection", China Banking and Insurance Regulatory Commission: Don't be "routine"

2022-01-21: Is it attractive to see “First Month 0Yuan” “First Month 1Yuan” or even “free” insurance ads on a mobile phone that cost less than cabbage to buy a million-dollar insurance? There's a lot of neighborhoods to buy, but is that really good? Let's look at some real cases.  

China Banking and Insurance Regulatory Commission issued the "Interim Measures for Off-site Supervision of Insurance Companies"

2022-01-21: In order to establish a sound off-site supervision system for insurance companies, clarify the division of responsibilities for off-site supervision, regulate the off-site supervision of work processes, and improve the efficiency of off-site supervision. In accordance with the relevant laws and…  

The China Banking and Insurance Regulatory Commission issued the "Measures for the Risk Supervision of Information Technology Outsourcing of Banking and Insurance Institutions"

2022-01-21: According to the information of 21 January of the Superintendency of Banking Insurance Institutions, in order to further strengthen the oversight of the outsourcing of risks in information technology in banking insurance institutions, to promote the upgrading of the capacity of banking insurance…

China Banking and Insurance Regulatory Commission: Incorporate information technology outsourcing into routine risk monitoring and on-site inspections of banking and insurance institutions

2022-01-21: Today, in order to further strengthen the risk monitoring of information technology outsourcing by banking insurance institutions, to promote the upgrading of information technology outsourcing risk control capabilities of banking insurance institutions, and to promote a robust digital…

The China Banking and Insurance Regulatory Commission issues regulatory measures to incorporate information technology outsourcing risks into the comprehensive risk management system

2022-01-21: The relevant officials of the Superintendence of Silver Insurance stated that the Scheme was intended for banking insurance institutions supervised by the Superintendence of Silver Insurance, that all service providers were treated equally, that no additional entry threshold had been added, and…

China Banking and Insurance Regulatory Commission: Inducing consumers to give priority to consumer credit is "routine" marketing

2022-01-20: On January 20, 2022, the China Bank Insurance Board issued a Risk Notice on Protection against “Siding” Marketing (hereinafter referred to as the Hint) to warn of the marketing risks of “Scope Loans” and to make it clear that “inducing consumers to use consumer credit on a priority basis, such as…

The China Banking and Insurance Regulatory Commission issued a risk reminder to remind consumers to be wary of "routine" marketing in lending and insurance

2022-01-20: NBD Reporter Yuan Garden NBD Editor Ryodan In the name of financial operations, illegal possession, routing in the name of private borrowing and illegal fund-raising, among other issues, are of great concern and have always been serious violations of the law by the State. At the same time,…

China Banking and Insurance Regulatory Commission: Beware of excessive debt risks and use personal consumption credit loans in a reasonable and compliant manner

2022-01-20: On January 20, China’s cyber-fiscal news came out on the website of the Silver Insurance Supervisory Board, which published “Risk Alerts for Protection Against “Siding” Marketing. The Silver Insurance Supervisory Board has stated that issues such as routing in the name of financial operations,…  

What are the "routine" marketing behaviors in the financial field? China Banking and Insurance Regulatory Commission reminds consumers to be wary of "routine loans" and "routine insurance"

2022-01-20: Economics for the 21st Century, Lee Hsien Beijing reported that on January 20, the Silver Insurance Supervisory Board released Risk Alerts on Protection Against “Siding Road” Marketing. In the name of financial operations, illegal possession, routing in the name of private borrowing and illegal…

The China Banking and Insurance Regulatory Commission reminds: Beware of illegal "agent rights protection" infringement, and be cautious about signing and authorization

2022-01-20: On 20 January, the Board issued a Risk Alert on Protection against “Siding” marketing, stating that high-profile financial operations, routing for illegal possession, lending under the guise of private borrowing, and illegal fund-raising have been criminal offences that have been severely…

China Banking and Insurance Regulatory Commission reminds consumers to guard against "routine loans", "routine insurance" and other behaviors

2022-01-20: In the name of financial operations, illegal possession, routing in the name of private borrowing and illegal fund-raising, among other issues, are of great concern and have always been serious violations of the law by the State. In addition, “widows” such as forced tying, misleading sales, and…

The China Banking and Insurance Regulatory Commission issued a document to simplify the supervision report on the use of insurance funds and cancel 34 supervision reports

2022-01-19: On 19 January, the SISCO Network issued a circular on streamlining regulatory reporting on the use of insurance funds (hereinafter referred to as the circular), which aims to further implement the State Council's reform requirements of “release of uniforms”, consolidate regulatory resources, focus…  

China Banking and Insurance Regulatory Commission once again reminded that "Huiminbao" has risks

2022-01-19: [Societal Internet Finances Consolidated Report] Recently, the Silver Insurance Supervisory Board issued a Circular on the Issuance of Reports on Developments and Recommendations for Commercial Health Insurance (hereinafter referred to as the Circular), in which it raised the risk of negative…

More than 70 million people in 27 provinces participated in the "Huimin Insurance", and the China Banking and Insurance Regulatory Commission warned against adverse selection and loss risks

2022-01-19: Recently, the Daily Securities Journal journalists have been informed of the recent issuance of the Circular on the Issuance of Reports on Developments and Recommendations in Commercial Health Insurance (hereinafter referred to as the Circular) by the Silver Insurance Supervisory Board, in which…

More than 70 million people in 27 provinces participated in the "Benefiting the People's Insurance", the China Banking and Insurance Regulatory Commission reminded the adverse selection and loss risks

2022-01-19: Recently, the Daily Securities Journal journalists have been informed of the recent issuance of the Circular on the Issuance of Reports on Developments and Recommendations in Commercial Health Insurance (hereinafter referred to as the Circular) by the Silver Insurance Supervisory Board, in which…

First! China Banking and Insurance Regulatory Commission’s special inspection on related-party transactions in the use of insurance funds

2022-01-18: Recently, the Superintendency issued a circular (hereinafter referred to as " the circular " ) on the introduction of special checks on the use of insurance funds for related transactions. In 2022, the Superintendency of Insurance organized a special nationwide inspection on the use of insurance…

Insufficient risk protection capability and low level of professional management The China Banking and Insurance Regulatory Commission issued a document directly pointing to the development of commercial health insurance

2022-01-18: A reporter from the Shanghai Securities Journal was informed today that the Health Insurance Department has recently issued a circular to personal insurance companies on the publication of a report on the development and recommendations of commercial health insurance, clarifying the significance…

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