China probes chief of top insurance regulator: HumSub.TV
China probes chief of top insurance regulator: HumSub.TV: China has opened an investigation into the head of its top insurance regulatory body, the anti-corruption watchdog said Sunday in an announcement that could signal problems for some of the country’s most powerful companies.
Xiang Junbo is being probed for “suspected serious violation of the Party’s code of conduct,” the Central Commission for Discipline Inspection said in a brief statement on its website.
Xiang took the top spot at the China Insurance Regulatory Commission in 2011 after heading the Agricultural Bank of China, one of the biggest state banks.
Various Chinese regulatory agencies have trained their sights on the insurance industry, complaining about companies’ use of their financial holdings to fund risky acquisitions in real estate and unlisted equities.
In February Beijing announced investigations into several major insurance companies, including Evergrande Life and Foresea Life, for alleged market manipulation.
The announcement came after the chairman of the China Securities Regulatory Commission singled out the industry as a home for “barbarians” and “thieves” who engaged in debt-fuelled stock market acquisitions.
The president of PICC, the country’s first non-life insurance company, is also currently being probed for corruption.
He has previously been tied to scandal. In 2014, the New York Times reported he approached JPMorgan executives for a job for the child of a well-connected friend.
Last November the company agreed to pay a $264 million fine to the US government to settle claims it had violated the Foreign Corrupt Practices Act by handing out jobs to the friends and family of top Chinese officials under similar circumstances in exchange for preferential treatment.
China probes chief of top insurance regulator: HumSub.TV
About HumSub TV
Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
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