Further regulations and risk controls for bancassurance business in China

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By Michael Daly, Paul Sinnott, Wing F. Wong | 23 November 2010
Over recent years, bancassurance has become an increasingly significant distribution channel within the life insurance industry in China. It represents a substantial proportion of sales for many life insurers, and a growing source of fee income for many banks. A recent circular issued by the Chinese Banking Regulation Commission (CBRC), however, could have important consequences for the development of the channel.