On March 22, the Highest People’s Court released the “Interpretation II on Several Issues Concerning the Application of the Insurance Law (Draft for Comments),” which provides clarifications to the latest version of China’s Insurance Law promulgated in October 1, 2009.
By Vivian Ni Feb. 20 – China is considering opening its mandatory third party liability automobile insurance (MTPL) market to foreign insurers, hoping experienced Western players will bring better pricing and underwriting practices to the country’s young, fast-growing market. When attending the U.S.–China Strategic and Economic Dialogue Summit in May last year, Chinese Vice Premier […]
Labor cost evaluations the huge bugbear in planning for 2012 Op-Ed Commentary: Chris Devonshire-Ellis Oct. 24 – One of the main problems facing businesses in China today remains the uncertainty factor. Getting that out of China’s commercial creed is proving a tough nut to crack, and before he upped sticks from Beijing to become a […]