CBIRC Issued Notice on Normalizing and Promoting Commercial Pension Financial Business Development

On May 10th, China Banking and Insurance Regulatory Commission issued the Notice on Normalizing and Promoting Commercial Pension Financial Business Development on the official website. It specified the commercial pension financial business regulations in principle. It proposed to set up diversified development patterns, support banks and insurance organizations to carry out personal pension business, and advocate banks and insurance organizations to promote the commercial pension finance development stably.