China’s National Financial Regulatory Administration and the Shanghai municipal
government issued measures to accelerate the Shanghai International Reinsurance
Centre. Insurers must strengthen internal controls and compliance and tighten
operational‑risk and cross‑border capital‑flow management. NFRA will refine
prudential rules for the reinsurance sector and strengthen supervision of
solvency, related‑party transactions and business/financial governance. The
Shanghai Financial Regulatory Bureau is supported to develop a risk‑aligned
monitoring system to improve penetration and effectiveness of surveillance for
cross‑border reinsurance cessions and on‑exchange transactions. The reinsurance
registration and trading centre will be used to assist supervision and improve
regulatory quality and efficiency.
