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BIZCHINA> Reports
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New measures on insurer guarantees
By Hao Zhou (chinadaily.com.cn)
Updated: 2007-08-10 17:58
The new measures promise insurance companies more alternatives for depositing guarantee funds in banks. Insurance corporations can choose almost any bank with a registered capital of no less than four billion yuan (US$528 million). More options in choosing banks indicate fierce competition among banks and a larger return rate for insurance companies, said Luo Yi, a researcher from China Merchants Securities. ... The full text is available in the August Issue ofChina Insurance. (For more biz stories, please visit Industries)
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