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Shanghai International Reinsurance Centre To Begin - Yicai

CHINA PRESS

Shanghai will soon launch its International Reinsurance Centre in line with international standards, according to Ge Ping, deputy director of the Shanghai Local Financial Supervision Bureau. Speaking at a recent conference, Ge said the government will attract foreign and domestic insurers through policy support including tax incentives, improved regulation and convenient cross-border capital transfers. Shanghai also plans to build a global asset management centre where investors can better access investment channels and have more risk hedging tools available.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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