An insurance company or insurance asset management company shall establish different grades of stock pools, such as a prohibited pool, reserve pool and core pool.
Amendments to China's insurance law have been under discussion for a decade. But some changes may have been rushed through to meet the demands of a struggling economy.
China's revised insurance law clarifies many important details for insurance companies and gives more power to the regulator to deal with errant foreign institutions. By Chen Xin and Maarten Roos, Wang Jing & Co Shanghai Office.