Chinese insurance regulator plans stricter stance
The China Insurance Regulatory Commission (CIRC) has said it is aiming to put an end to "special companies" playing loose with certain regulations. While acting head of the regulator Chen Wenhui did not expand on the definition of "special" companies, he also said the focus of the CIRC should be to regulate the industry, rather than encouraging its expansion. Spurious capital claims, aggressive acquisitions and volume selling of short-term products are among evidence for the previous loose policy of the regulator, commentators noted. 
China’s top insurance regulator said it will enforce existing rules and strengthen risk control as former chairman is handed over to prosecutors to face criminal charges