China amends rules for management of state-run bailout funds for insurers

China amends rules for management of state-run bailout funds for insurers

FILE PHOTO: Surveillance cameras are seen outside the China Banking and Insurance Regulatory Commission (CBIRC) building in Beijing, China December 13, 2018. REUTERS/Stringer

China has amended rules for the management of state-run bailout funds rescuing troubled insurers, its financial regulators said on Thursday.