IN BRIEF (Page 6)

New risk norms for insurers

China has officially implemented a new capital and risk regime for insurance companies, a major regulatory reform aimed at ensuring that insurers grow their business in a more rational way, the industry regulator said on Friday. The China Risk Oriented Solvency System sets new requirements and calculation models for capital adequacy and solvency capability of insurers. The new rules, which also will require insurance companies to submit their solvency reports quarterly, take effect starting this quarter.

Chalco fares well after output cuts