BEIJING - China Insurance Regulatory Commission said Friday it will unveil a name list of "systematically important insurers" and issue a series of measures to improve supervision of them.
Those insurers on the list must make appropriate risk-management plans and ensure they are implemented and offer professional guidance, Liang Tao, deputy head of the commission, said in a statement.
Liang spoke highly of the plan to supervise important insurers, saying it would help guard against risks that would be felt by the whole industry.
The insurance regulator vowed to adhere to international standards when formulating its own regulatory system, which would cater to the needs of China's macro-prudential regulation bias and business processes at large.
The outbreak of the 2008 financial crisis exposed the too-big-to-fail insurers' role in the global financial system and the necessity to fill supervision gaps, according to the statement.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
