Reported 12 months ago
New Chinese Life Insurance and Three Commercial American Life Insurance have strengthened their self-rescue plans, with one company having passed inspection. The Financial Supervisory Commission expressed concern over the detailedness and timeframe of Three Commercial Life's improvement plan, urging a more specific timeline. While the capital market is bullish and the life insurance industry has improved both in profit and structure this year, only New Chinese Life and Three Commercial Life are still in the process of enhancing their financial status.
Source: YAHOO