Pharmacists check prescription information at a fever clinic in Minhang district of Shanghai on Jan 8, 2023. [Photo/Xinhua]China will downgrade its COVID-19 insurance reimbursement management level to
Tag: insurance
U.S. regulators close New York\’s Signature Bank following Silicon Valley Bank collapse
NEW YORK, March 13 (Xinhua) — New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a \”similar systemic risk exception,\” the U.S. Treasury
U.S. regulators close Silicon Valley Bank
SAN FRANCISCO, March 10 (Xinhua) — Silicon Valley Bank (SVB), the 16th largest bank in the United States, was closed on Friday by regulators, according to the U.S. Federal Deposit Insurance Corporati
China\’s insurance asset management association registers new products worth over 55 bln yuan
BEIJING, Feb. 26 (Xinhua) — The value of products registered by the Insurance Asset Management Association of China, an organization serving the country\’s insurance asset management industry, hit 55.
China drafts guideline for financial support in house rental
BEIJING, Feb. 25 (Xinhua) — China has drafted a guideline to regulate financial support for the house rental market and started soliciting public opinion.The guideline was jointly drafted by the Peop
Over 24 mln individual pension accounts opened in China
BEIJING, Feb. 26 (Xinhua) — More than 24 million individual pension accounts have been opened since China announced the implementation of its private pension plan to supplement the country\’s old-age
China\’s insurance sector sees total assets amounting to 27.1 trln yuan
BEIJING, Feb. 15 (Xinhua) — The total assets of China\’s insurance sector amounted to 27.1 trillion yuan (3.97 trillion U.S. dollars) at the end of 2022, official data showed Wednesday.This figure was
China unveils first batch of private pension wealth management products
BEIJING, Feb. 10 (Xinhua) — China has unveiled its first batch of seven private pension wealth management products, in its latest effort to broaden sources of retirement income, according to China Ba
Repercussions expected from EU\’s new price caps on Russian oil
BRUSSELS, Feb. 7 (Xinhua) — The European Union (EU) has doubled its efforts to undermine Russia\’s oil exports revenue by imposing new price caps on Russian oil, which came into effect on Sunday. The