China's National Financial Regulatory Administration has revised and reissued the Measures for the Administration of Capital Guarantee Deposits of Insurance Companies, updating supervisory and operational requirements for how insurers place and manage capital guarantee deposits. Key changes include removing restrictions on the type of bank that can hold capital guarantee deposits so that all commercial banks may act as depository banks, while tightening depository bank eligibility conditions by raising net asset size requirements and adding prudential regulatory indicator requirements. The permitted forms of placement have been expanded by adding large-denomination certificates of deposit, and the category of “large-amount negotiated deposits” has been adjusted to “negotiated deposits”. Management requirements have also been strengthened by adding requirements for renewal or transfer after deposits mature and increasing the required amount for a single capital guarantee deposit, and the administrative process for disposal actions has been changed from post-event filing to post-event reporting. The National Financial Regulatory Administration indicated it will step up supervisory guidance to support implementation by insurance institutions.
China Banking and Insurance Regulatory Commission 2025-09-05
China's National Financial Regulatory Administration revises insurers’ capital guarantee deposit rules to widen eligible banks and add large-denomination certificates of deposit
China's National Financial Regulatory Administration revised the Measures for the Administration of Capital Guarantee Deposits of Insurance Companies, updating supervisory and operational requirements. Changes include allowing all commercial banks to hold deposits, raising depository bank eligibility conditions, and expanding permitted forms of placement. The administration will enhance supervisory guidance to support implementation by insurance institutions.