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Leave your emailThe National Financial Regulatory Administration explicitly requires insurance institutions to pursue differentiated development paths and curb "fee wars" and illegal commission rebate practices.
Read originalNational Financial Regulatory Administration Deputy Director General Cong Lin proposed that the insurance industry must resolutely abandon the obsession with scale and enhance the adaptability of insurance supply.
Read originalZhu Yansheng of the Beijing Financial Regulatory Bureau proposed the need to establish and improve the coordinated management and service mechanism for technology insurance. Currently, publicly disclosed relevant information only mentions this core viewpoint, without involving specific implementation rules, supporting measures, or advancement arrangements.
Read originalHong Kong Monetary Authority Deputy Chief Executive Arthur Yuen delivered a speech at the opening and premiere of Standard Chartered Bank's "Anti-Scam Cinema," revealing that Hong Kong lost HK$8.1 billion to fraud last year, with losses exceeding HK$5.2 billion in the first eight months of this year. The HKMA is collaborating with the banking sector and law enforcement agencies to build an anti-fraud ecosystem across four dimensions: within banks, inter-bank, between banks and customers, and through public education. Currently, all 28 retail banks in Hong Kong have joined the Financial Institutions Network against Telecommunications Scams (FINEST).
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