--FILE--piétonne devant le siège de la Commission de réglementation de l'assurance de la Chine (CIRC), à Beijing, Chine, 8 mars 2014. Assurance de Chine.
--FILE--Pedestrian walk past the headquarters of China Insurance Regulatory Commission (CIRC) in Beijing, China, 8 March 2014. China's top insurance regulator is considering revising the rules for the country's insurance security fund, which will allow the fund to provide necessary liquidity support to insurers in case of crisis. Industry experts said the move highlighted the regulatory intention to boost the role of the insurance security fund in preventing industry risks as some insurers may be exposed to liquidity problems as the authorities have substantially tightened regulations to curb systemic financial risks. The revised rules will require insurers to submit a certain proportion of capital to the fund based on the evaluation of their risk management capability, meaning that some insurers will likely face higher capital requirement if they have poorer risk management performance, business newspaper Shanghai Securities News reported on Tuesday (12 December 2017). The China Insurance Regulatory Commission is soliciting industry opinion for the draft revision. It did not reply to China Daily's queries on the matter on Tuesday. "The new rules have to do with the rising liquidity risks in some life insurers along with the transformation of their business model. There has been a gap between the current scale of the insurance security fund and the needed amount of capital to cover liquidity risks in the industry, " said Zhu Junsheng, a financial researcher at the Development Research Center of the State Council.
