The Banking Insurance Supervision Association approves the establishment of the Beijing Branch of Manfal Reinsurance Company in Spain

The reporter learned from the China Banking Regulatory Commission that the China Banking Regulatory Commission recently approved the establishment of the Beijing branch in Manfal Reinsurance Company, Spain, and the internationalization of China's reinsurance market has further improved.

According to reports, the main life insurance and non -life insurance reinsurance business of Manfal Reinsurance Company, Spain, is a global professional reinsurance company.Since the 1980s, Manfal Reinsurance Company in Spain has actively participated in the Chinese reinsurance market and cooperated with many insurance companies in China.

According to data from the CBRC, in recent years, China's reinsurance market has maintained a good momentum. The scale and market share of foreign reinsurance companies have doubled, the profitability has continued to increase, and the capital strength has been further enhanced.

According to the CBRC, the next step will support foreign reinsurance agencies to actively participate in the construction of my country's reinsurance market, and continuously improve China's diversification, professionalization and internationalization.(Reporter Tan Mo Xiao)

[Editor in charge: Cheng Lan]

- END -