CIRC to permit OTC listings for insurers

The China Insurance Regulatory Commission (CIRC) has drafted rules
permitting insurance companies to list on an over-the-counter
equity market.
The National Equities Exchange and Quotations (NEEQ) platform,
based in Beijing, transfers shares in unlisted companies -
predominantly small and medium-sized enterprises - directly between
participants, rather than via an exchange.
According to a report in Asia Insurance Review, the
CIRC said insurance companies that sought to list on NEEQ
"should compl