China Insurance Regulatory Commission, Circular on Strengthening the Regulation of the Use of External Credit Ratings by Bond Investments of Insurance Proceeds

中国保险监督管理委员会关于加强保险资金投资债券使用外部信用评级监管的通知

September 10, 2013 | BY

CLP Temp

CIRC to regularly assess credit rating agencies

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Issued: July 31 2013

Applicability: The Circular shall apply, mutatis mutandis, to the use of external credit ratings by investments of insurance proceeds in other credit types of financial products (Article 8).

Main contents: The China Insurance Regulatory Commission (CIRC) sets forth regulatory requirements for credit rating agencies giving ratings to bond investments of insurance proceeds. A credit