The insurance industry, designed as it is to smooth over life’s dramas, is meant to be somewhat dull. Insurers themselves mostly conform to this type: they produce modest, consistent returns—steady growth and, to reassure the skittish, a dividend. Things are different in China. Dividends are a trivial component of share prices, and the industry’s growth prospects are breathtaking, not boring. One measure of its buoyancy is the industry’s resilience in the face of a series of recent setbacks.

China's vast population is aging rapidly, according to the latest census figures released on Thursday, a demographic trend that threatens to sap the country's economic vitality, The Wall Street Journal reported. Some Chinese demographers have seized on the numbers to argue that the government should abandon its one-child policy, put in place in 1980 to deal with a population explosion encouraged by Chairman Mao Zedong. But China's top leaders have declared that they are not prepared to dismantle a policy that has drawn widespread criticism for using forced abortions, sterilizations

Social Security Law At the end of October the long-awaited Social Insurance Law was • promulgated, and is set to take effect on July 1, 2011. The law primarily aims • to prevent the improper use of social security funds. The Social Insurance • Law stipulates a general right for all citizens to access and enjoy five • categories of insurance: pension, medical, work-related injury, unemployment and maternity insurance. It also allows employees to transfer • their pension insurance accounts from one place of residence to another, and includes a basic pension coverage for rural residents.

Standard & Poor's issued an update (the "Update") last week indicating that it could issue a de-linked, asset-based credit rating for securities issued in a securitization sponsored by an insured depository institution ("Bank") that qualifies as a sale under GAAP, even if the transaction fails to comply with the Federal Deposit Insurance Corporation's new securitization safe harbor rule (the "Rule").

REDUCING RISKS OF DIRECTOR LIABILITY – Directors and managers are granted a broad range of authority. This article examines how directors and managers become personally liable to the company for their actions, strategies to prevent these situations from occurring, and how being prepared can help protect the company when these circumstances arise. An ounce of prevention is worth a pound of cure, and this article will help reduce the risks borne individually and by any company operating in China.

The Securities and Futures Commission following the collapse of Lehman has been committed to revamping and codifying the structure and methods of selling structured and other investment products in Hong Kong.

What are credit risk mitigation instruments (CRMI) and CRMC? A CRMI is defined as a credit risk mitigation agreement, certificate or other simple and basic credit derivative product for the purpose of managing credit risk. A CRMI is therefore essentially a credit derivative product.

The Securities and Futures Commission following the collapse of Lehman has been committed to revamping and codifying the structure and methods of selling structured and other investment products in Hong Kong.

In a SPIEGEL interview, renowned Chicago-based economist Raghuram Rajan discusses the dangers of a global currency war, the risks of persistently low interest rates and the growing income and wealth inequality in the United States. SPIEGEL: Professor Rajan, the tensions between the United States and China are rising, several countries are trying to weaken their currencies. Is this the beginning of a global currency war? Rajan: This is certainly a skirmish, with countries using different tools to get an advantage.

China's Tortious Liability Law (Tort Law) came into effect on 1 July 2010.