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<ul><li>China has drafted tough requirements that insurance companies would need to meet to participate in the state-backed personal pension scheme.</li><li>The China Banking and Insurance Regulatory Commission (CBIRC), the country’s top insurance watchdog, issued draft rules to nearly 100 life, health or pension insurers late last month.</li><li>The draft marks the latest step in fleshing out a framework released in April by the State Council, China’s cabinet, for a growing personal pension market.</li></ul>

China has drafted tough requirements that insurance companies would need to meet to participate in the state-backed personal pension scheme.The China Banking and Insurance Regulatory Commission (CBIRC), the country’s top insurance watchdog, issued draft rules to nearly 100 life, health or pension insurers late last month.The draft marks the latest step in fleshing out a framework released in April by the State Council, China’s cabinet, for a growing personal pension market.

China Drafts Tough Rules for Insurers to Join National Personal Pension Scheme, Sources Say

China

China Merchants Securities Co., Ltd. provides securities services. The Company offers securities brokerage, securities investment consulting, securities underwriting, and other services. China Merchants Securities also operates investment management.

China Merchants Securities Co Ltd (H) (6099 HK)

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