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CIRC Guiyang Office Inaugurated
Guiyang Office is the first of CIRC (China Insurance Regulatory Commission) setup inaugurated Monday in Guiyang to mark the great importance CIRC attaches to an all-round development of insurance in Guizhou Province and the whole of southwest China.
Feng Xiaozeng, vice president of the commission, said at the ceremony that the founding of Guiyang Office forms an important part boosting China's insurance reform and that all work relating to insurance supervision and management by People's Bank of China Guiyang Branch is to be handed over to the Office. Guiyang Office will be authorized to supervise and take care of local insurance markets in Guizhou Province according to CIRC laws and regulations promulgated.
CIRC is reported to have lately decided to set up 11 more agent offices throughout China, along with three that have been established in Beijing, Shanghai and Guangzhou, respectively.
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