China insurers to improve corporate governance over three years

Chinese regulators have unveiled an action plan that requires banks and insurance companies in the country to improve their corporate governance standards over the next three years, resulting in a positive impact on the wider investment community. The China Banking and Insurance Regulatory Commission (CBIRC) released the plan last Friday (August 29), outlining steps that institutions have to take in each of the three years between 2020 and 2022 to enhance their corporate governanc…