China Financial News Headlines

October 15, 2008

The Observation Of Insurance

Pacific Insurance came back to the main industry of insurance, when the global market came into cold winter
Lose in the east and gain in the west. China Pacific Insurance (601601.SH) can not completed on schedule that it in September at the Hong Kong listed of H shares, but it may get a new chance of development of.

In Nanjing Life Insurance Index is lower than the national average
Recently, Nankai University Business School and group of life insurance awareness index together with Heng Standard Life Insurance jointly, announced the “2008 Annual Heng Standard Life Insurance Index study.” This report is the only index of life insurance. The report showed that the National Life Insurance Index increased, white-collar life of the index were down, but in Nanjing the life insurance index was slightly lower than the national average.

Insurance branch’s information technology should be strengthened
At present, the basic insurance agency established a system of information-based, open up and down the information exchange network, initially set up the information contact platform covering branch insstitutions. However, the insurance branch of information technology, whether hardware or software in general are lagging far, not adapting to the rapid development of the insurance industry.

Starting in the spot market, “limited to air”, which the market is not interested in.
After the National Day, when the domestic futures exchanges have been forced to take measures to deal with goods in a continual reducement of stor, the margin trading of bulk commodities in the long-term electronic market also faced with the unusual fluctuations in the market after a sudden increase of risk problems.

Zeng Yinquan: Hong Kong will build up an independent insurance regulator
People Network in Hong Kong on October 15 (Reporter Liu Tao, Li Haiyuan): on this morning, the Hong Kong Special Administrative Region Chief Executive Zeng Yinquan, in the Legislative Council read out the “2008-09 Policy Address,” and pointed out that the OCI belongs to the SAR government departments. In order to further improve the insurance regulatory framework, the Government considers it necessary to set up independent of the Government of the Insurance.

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