CRI听力:China's Insurance Regulator May Lift Limits on High-return Products

China Insurance Regulatory Commission is likely to lift limits on high return insurance products. [File Photo: cngold.com]

China's insurance regulator may to lift limits on high return insurance products.

A report from Caixin says China Insurance Regulatory Commission held a discussion with seven large insurers, including China Life Insurance, on the regulation.

Under the proposed rules, insurers will not be allowed to issue new high-return products with policy terms of less than 3 years.

Such products already being sold will be banned, starting from October.

The new regulation is expected to be rolled out next week and is very different from an earlier version published in December to solicit public opinion.

For more on the story, CRI’s Shane Bigham spoke with Cao Can, CRI's Financial Commentator.