CBRC tightens norms for bancassurance business in Mainland

The China Banking Regulatory Commission (CBRC) has issued a notice for further strengthening sales and risk management of commercial banks’ bancassuarance cooperation on policy sales, according to a statement issued by the regulator. The notice highlights the protection of client’s rights and interests as its fundamental principle.  It stresses that commercial banks should conduct bancassurance operations on a transparent, fair…

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