On 21 June 2022, BaFin held its first digital conference on the supervision of IT at insurance undertakings and pension funds, with over 660 participants and many questions in the chat room. The event offered information on current developments regarding information security in the insurance sector and the area of regulation. It also addressed the amendments to BaFin’s Supervisory Requirements for IT in Insurance Undertakings, findings from BaFin’s IT inspections, DORA, and the new reporting requirement for outsourcing.

China's decision to remove the cap on foreign insurers' ownership of insurance asset managers in the country.

China's insurance sector is expected to see stable growth in the next two years

The China Export & Credit Insurance Corporation, also known as SINOSURE, had underwritten about $445.13 billion worth of insured businesses during the period, up 11.8 percent year-on-year, according to the company.

Banks are asked to fulfill their obligations in a market-oriented and law-abiding manner as well as to assume their social responsibilities to push for home deliveries.

From January to June, financial institutions' newly-added loans to the manufacturing industry stood at 3.3 trillion yuan (about $491 billion)

The average comprehensive solvency ratio of the 180 insurers reviewed by a regulatory meeting was 224.2 percent by the end of March

Chinese banking industry stood at 344.7 trillion yuan ($51.37 trillion) at the end of 2021

The sophisticated financial markets and innovative financial insurance in the United States could be combined with Chinese leading efforts in green finance

A recent State-level notice stated that in addition to the five sectors — catering, retailing, tourism and transportation — that have been hardest hit, companies in 12 other sectors will also be allowed to defer pension insurance payments until the end of this year.

Many special loans, insurance products in place for smaller firms in difficulties