PBOC to regulate online finance
Li Kemu, vice-chairman of the China Insurance Regulatory Commission, said that more licenses will be gradually granted to online insurance companies.
At present, there is only one online insurance company. But regulators will slowly ease access to the market, according to Li, a member of CPPCC.
As of the end of last year, 60 insurance firms in China had expanded to online sales channels, up 46 percent from two years earlier, according to a report by the insurance regulator.
About the broadcaster:
Nelly Min is an editor at China Daily with more than 10 years of experience as a newspaper editor and photographer. She has worked at major newspapers in the U.S., including the Los Angeles Times and the Detroit Free Press. She is also fluent in Korean.
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