CHINA: PBC and CIRC Jointly Release Notice to Allow Insurers to Issue Capital Supplement Bonds on Inter-Bank Bond Market&nbsp

Thursday January 29 2015

The People’s Bank of China (PBC) and China Regulatory Commission (CIRC) have jointly released Notice [2015] No. 3 which will allow insurance companies to issue capital supplement bonds on inter-bank bond market.

The Notice applies to bonds which have been issued by insurance companies with a minimum maturity of five years.

It is anticipated that the joint efforts of PBD and CIRC will increase the capital, solvency and risk resilience of insurance companies.

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