The CIRC Shenzhen Bureau and the Shenzhen Office of Finance have recently submitted a proposal to the Chinese government regarding the establishment of an insurance exchange which will trade in a variety of insurance products (the Qianhai Insurance Exchange). According to the proposal, which is currently being reviewed and evaluated, a re-insurance exchange will first be launched by the Shenzhen government. The exchange will later expand its products portfolio to cover direct insurance, insurance policy transfers and insurance securitization.

Bank of America/Merrill Lynch release (dated 20 April 2012).