China insurance exchange launch imminent

A Chinese insurance exchange will launch in Shanghai this weekend,
the South China Morning Post has reported.
"Shanghai is poised to emerge as a major global insurance
centre by 2020 with rising pricing power and a voice in
reinsurance, shipping insurance and insurance capital
operations," said Pei Guang, head of the Shanghai branch of
the China Insurance Regulatory Commission, according to the
report.
Insurance assets are expected to be the first products to be
traded, with reinsurance products