News : China - China to Set up Insurance Fund Firm
Source: Asia Insurance Review | Jun 2008
China plans to set up a body to manage the country’s insurance protection fund, worth more than 10 billion yuan (US$1.43 billion), as early as June. Mr Wei Yingning, Vice Chairman of the China Insurance Regulatory Commission, is expected to be appointed Chairman of the company, which will support China’s insurers during financial crises.
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