Prudential is a leading global financial services company, specializing in life insurance and asset management.
英文释义：Prudential是一家全球领先的金融服务公司，专注于人寿保险和资产管理。
The
prudential approach to risk management emphasizes caution and preparedness.
英文释义：审慎的风险管理方法强调谨慎和准备。
She purchased a
prudential insurance policy to secure her family's financial future.
英文释义：她购买了一份审慎的保险，以保障家人的经济安全。
Prudential advisors provide personalized financial advice to clients.
英文释义：普林西普尔顾问为客户提供个性化的财务建议。
The company has faced criticism for its overly
prudential investment strategies.
英文释义：该公司因其过于保守的投资策略受到了批评。
A
prudential decision was made to postpone the project due to economic uncertainties.
英文释义：由于经济不确定性，作出了审慎决定推迟项目。
Prudential Financial offers a range of retirement planning services.
英文释义：普林西普尔金融提供一系列退休规划服务。
The
prudential rule requires financial institutions to maintain adequate capital reserves.
英文释义：审慎规则要求金融机构保持充足的资本储备。
The government imposed stricter
prudential regulations on banks to prevent financial crises.
英文释义：政府对银行实施了更严格的审慎监管，以防金融危机。
Investors should always consider a
prudential mix of high-risk and low-risk assets in their portfolios.
英文释义：投资者在投资组合中应始终保持审慎的高风险与低风险资产比例。
This is a result of the bank's long-term adherence to a steady, prudential, comprehensive and proactive culture of risk management.
这是银行长期坚持稳健、审慎、全面和前瞻性的风险管理文化的成果。
Analysts said the reported content of the talks showed a trend toward strengthening supervision of fintech companies, while policies will continue to support their innovations under prudential regulations in order to better serve the real economy.
分析人士表示，会议透露的内容显示，未来将在强化金融科技公司监管的同时，继续在审慎监管框架下支持其创新，以更好地服务实体经济。
So far, Babylon has partnered with 170 global partners, including the NHS, Bill & Melinda Gates Foundation, Samsung, Telus and Prudential.
Founded in 2000 by China CITIC group and UK Prudential group, Citic-Prudential Life Insurance has maintained a compound annual growth rate of more than 20 percent in the past 18 years, according to the company's statement.
First, prudential supervision, where the C-ROSS solvency framework in China will help detect risk and change insurers' behavior.
"To be sure, on the eve of its Hong Kong listing, in what could become the world's biggest flotation since 2014, Xiaomi has undergone a cluster of twists and turns that has eventually pushed retail investors away from making a beeline for shares," said Cheung Chiwai, associate director at Hong Kong-based Prudential Brokerage Ltd.
Nationality: United StatesCareer:September 2016 onwards: CEO of Zurich Insurance Company Asia-PacificApril 2015-August 2016: CEO of Assicurazioni Generali AsiaOctober 2008－March 2015: CEO of Prudential AssuranceMay 2006 to October 2008: CEO of AIG PhilAm Plans Life Insurance2000-02: Co-founder of TwentyTen1998-2000: The Boston Consulting GroupEducation:Bachelor's degree in quantitative economics from Tufts UniversityMBA from the University of ChicagoLin Wenjie contributed to the story.
What does Prudential's recent plan to separate its UK and European business and the US, Asia-Pacific and African operations mean for the firm?
The UK business component will be freer to compete with its peers in Europe rather than against other parts of Prudential.
We will also be in a position to attract new investors into Prudential Plc that have a growth-centric orientation and those that want to invest in businesses that are growing and are happy to see the profits that we generate each year to be reinvested back into the business.
What's Prudential's digital plan and how will you integrate technology into your business model?
I took the first holiday in September after I was appointed chief executive of Prudential Corporation Asia to celebrate my 25th wedding anniversary.
Prudential Plc, Britain's largest insurer, plans to increase investment in China to boost its product coverage and sales distribution in the country and the company is interested in increasing the stake holding in its local joint ventures, according to a senior executive of the insurer.
Nic Nicandrou, chief executive of Prudential Corp Asia, said that the insurer is looking to increase headcount and establish more offices in China as it expands its presence in central and western parts of the country.
"Our strategy for the life insurance business is to cover as much of China as possible," the head of Prudential's Asia-Pacific business told China Daily in an interview in Beijing.
Prudential currently operates two joint ventures with Chinese State-owned CITIC Group, one in the life insurance business and the other in the asset management business.
The executive said that the insurance market in China is still underpenetrated compared with developed countries, which offers immense space for Prudential to grow its presence.
Prudential Plc in London draws about 36 percent from Asia and Paris-based Axa SA about 10 percent.
"In terms of premiums and earnings, Asia is almost negligible at Allianz at the moment and compares poorly to Axa and even more so to Prudential," said Nick Holmes, an analyst at Societe Generale SA who covers the companies.
"Both Axa and Prudential have stronger historic ties to the region, which might be an advantage," he added.
The PBOC will further optimize the financial regulatory framework, consider further clarifying and separating the prudential supervision function and behavior supervision function of regulatory authorities, Li said at the forum held by Tsinghua University PBC School of Finance.
We insist that financial innovation be placed under prudential regulation.
"We insist that financial innovation be placed under prudential regulation.
"The words I most associate with the 2020 equities market are that it was a year of 'extreme extremes' in that COVID-19 hovered over the global economy and global markets in ways that affected every aspect of business and social activity," Quincy Krosby, chief market strategist at Prudential Financial, told Xinhua in a recent email interview, reflecting on the past year.
The PBOC underlined cautious financial management, optimized credit policies and prudential financing in the real estate sector.
The central bank will implement the prudential management of real estate finance, ramp up financial support for rental housing, and adopt city-specific policies to boost the cycle and healthy development of the sector, said Zou Lan, head of the PBOC's financial market department.
China established a macro prudential management system over real estate financing last year made up of monetary policy and macro prudential measures.
去年，中国建立了由货币政策和宏观审慎措施组成的针对房地产融资的宏观审慎管理体系。
It means even the country's monetary policy stance has to be adjusted to achieve economic growth targets and macro prudential measures－caps on loans to property developers and mortgages as well as the "three red lines"－will be effective in adjusting asset prices and curbing bubbles, Li said.
这意味着，即使国家的货币政策立场也必须进行调整，以实现经济增长目标；而对房地产开发商贷款和按揭贷款的限制，以及“三条红线”等宏观审慎措施，将有效调整资产价格、遏制泡沫，李表示。
The spokesperson said the CBIRC will enforce prudential regulatory standards for property development loans and home mortgage loans, prevent business loans from illegally flowing into property, and guide banking and insurance institutions to ramp up support for affordable rental housing.
发言人表示，中国银保监会将严格执行房地产开发贷款和住房按揭贷款的审慎监管标准，防止经营性贷款违规流入房地产领域，并引导银行业保险业加大对保障性租赁住房的支持力度。
The country should take a problem-oriented approach and attach great importance to the new situations and problems in the housing market, Han said, adding that efforts should be made to put in place a prudential management scheme for real estate finance and prevent funds from illegally entering the market.
China will follow an accommodative and prudential approach and seek fair regulating methods conducive to fair competition, said the statement.
Sam Woods, deputy governor for prudential regulation at the Bank of England－the central bank of the United Kingdom－said cooperation between regulators is key for ensuring financial stability.
To fulfill its responsibility in financial market regulation, the commission has taken measures to promote innovation under the premise of prudential supervision, strictly guard against excessive leverage and adopt a "zero-tolerance" principle in cracking down on violations and misconduct in the securities market, Yi said.
In addition, as a member of the Basel Committee on Banking Supervision, the primary global standard-setter for prudential regulation of banks, China must ensure its banking sector aligns with the Basel III Accord the committee had announced in 2017, the official said.
Ge Haijiao, chairman of Bank of China, met with Denis Beau, first deputy governor of the Banque de France and chairman of the French Prudential Supervision and Resolution Authority, in Paris on Wednesday.
Based on the regulatory aims, financial regulation can be divided into behavioral regulation and prudential regulation.
One of the specific reform measures is establishing the NAFR, which can better coordinate the relationship between mixed-ownership operation and segmented regulation, as well as behavioral regulation, entity supervision, functional regulation and prudential regulation, Zeng said.
"Asian economies generally have been applying more effective macro prudential measures on top of capital and liquidity requirements.
Cases similar to Credit Suisse and SVB are unlikely to happen in China thanks to the country's orderly and stable interest rate environment, reasonably ample liquidity and banks' prudential management, said Xiao Feifei, chief banking industry analyst at CITIC Securities.
The Basel Committee on Banking Supervision, the primary global standard-setter for the prudential regulation of lenders, has been pushing forward regulatory reforms in response to the financial crisis of 2007-09, issuing a series of prudential regulatory requirements as the minimum capital regulatory standards which apply to internationally active banks.
The Basel Committee on Banking Supervision, the primary global standard setter for the prudential regulation of banks, has been pushing forward regulatory reforms in response to the financial crisis of 2007-09, issuing a series of prudential regulatory requirements as the minimum capital regulatory standards which apply to internationally active banks.
Analysts from Eastspring Investments, a global asset manager under insurer Prudential plc, wrote in a report in late December that China's emphasis on economic development, especially measured by GDP per capita, as well as its continued pace of innovation, will be translated into "alpha opportunities" in equities that are aligned with China's strategic goals or its structural growth trends, including high-end manufacturing, new energy, healthcare and semiconductors.
These include offshore notes and prudential adjustment parameters for companies' cross-border financing.
Regulators release reports; stress control, prudential managementThe prevention and control of financial risks are high up on the agenda of the country's top financial regulators, and consensus on this issue can be found in their latest reports produced in response to the discipline inspection of the Communist Party of China.
A prudential management mechanism should be steadily promoted among local governments.
Concerns over lower liquidity worldwide main reason behind recent price swingsMarket experts said price fluctuations are normal after investors were surprised over declines in the price of wealth management products, which were especially noticeable over the past few weeks, and advised that a more prudential investment attitude should be taken during times of uncertainty.
Therefore, it is necessary to strengthen financial prudential supervision.
By the end of last year, the outstanding debt of the Chinese government stood at 46.55 trillion yuan, putting its debt-to-GDP ratio at 45.8 percent, which is below the 60-percent prudential limit recognized by the international community.
In addition, improving the macro prudential policy system of the RMB exchange rate, as well as strengthening the monitoring of global RMB flows, asset allocation and price changes, are key measures to steadily promote its internationalization, experts said.
With focus on "the prudential management system of real estate finance", China will adhere to the principle of "housing is for living in, not for speculation" and insist on not using real estate as a short-term means to stimulate the economy, the China Banking and Insurance Regulatory Commission said on Thursday.
"The CBIRC will continuously implement the long-term mechanism to maintain the sound development of the real estate market, guide banking and insurance institutions to accurately comprehend and implement the prudential management system of real estate finance, and maintain the continuity and stability of real estate finance regulatory policies," said Liu Zhongrui, deputy director of the statistics, IT and risk surveillance department of China's top banking and insurance regulator.
"During the process, for China to achieve dual carbon reduction goals, it's particularly important for policymakers to make rational decisions, take prudential actions, and conduct production capacity risk monitoring and early warning to ensure long-term and steady green development," Zhang said.
The "China Financial Stability Report" issued by the PBOC on Sept 3 disclosed that Chinese monetary authorities are building a macro prudential policy framework to supervise cross-border capital flows, which would include all types of foreign exchange traders in the supervision system and enrich the management policy toolkit.
They will establish a forward-looking monitoring index system, which can warn of potential risks at an early stage, as well as study macro prudential stress tests of cross-border capital flows, the report said.
"That is the direction of our efforts," said Chen, who pledged to improve the monetary policy and macro prudential policy framework, enrich the policy toolbox and prevent systematic financial risk.
The PBOC can take other prudential regulatory measures to maintain two-way balanced cross-border capital flows, Sheng said.
The central bank will further optimize the financial regulatory framework, consider further clarifying and separating the prudential supervision function and behavioral supervision function of regulatory authorities, Li said at the forum held by the PBC School of Finance of Tsinghua University.
The central bank will further optimize the financial regulatory framework, consider further clarifying and separating the prudential supervision function and behavior supervision function of regulatory authorities, PBOC Vice-Governor Li said at the forum held by Tsinghua University PBC School of Finance.
Zheng said China should take a prudential, rather than radical, attitude toward internet finance.
"China's relative success in this score card compared to its G20 counterparts is likely linked to its monetary and prudential authorities' close coordination with other government departments," the report said.
"The regulator will also maintain a market environment of fair competition, strengthen anti-monopoly efforts, prevent the disorderly expansion of capital and ensure financial innovation is conducted under prudential regulation," he added.
Some experts expect the central bank to include cross-regional deposit indicators in the macro prudential assessment framework for evaluating bank performance and testing the stability of financial institutions.
Yang said: "The CBIRC requires banks and their wealth management subsidiaries to explore financial innovation on the basis of prudential regulation and insists on assessing bank WMPs based on three standards: Whether or not bank WMPs will help support the real economy; whether or not they will help prevent and control financial risks; whether or not they will protect the legitimate rights and interests of consumers.
The central bank will steadily implement the prudential management for real estate finance, increase financial support for the housing rentals, and promote the steady and healthy development of the real estate market, Zou said.
The PBOC and the State Administration of Foreign Exchange raised the macro prudential adjustment coefficient for domestic firms making overseas loans to 0.5 from 0.3 on Tuesday.
The central bank will deepen market-oriented renminbi exchange rate reforms and strengthen macro prudential management further this year, in line with market expectations, to maintain a generally stable exchange rate at a reasonable and balanced level.
State-owned financial institutions that are engaged in overseas investment and have subsidiaries abroad should focus on their main business, follow the necessary prudential and compliance requirements, and strictly implement the due diligence and feasibility requirements, the ministry said in a notice.
From the perspective of prevention, the first priority is to improve the macro prudential management system to deal with the pro-cyclical behavior of financial institutions and the cross-institutional and cross-market contagion of financial risks.
The second challenge is to improve the basic system of prudential supervision and strengthen the coordination mechanism of financial supervision, so as to ensure that there is no blank in micro prudential supervision.
Most of the transactions were supporting the real economy," said People's Bank of China (PBOC) director of macro prudential policies Huo Yingli.
"At the same time, prudential authorities have to make sure that prudential buffers in banks, but also in households and corporations are sufficient.
"Based on relatively prudential assumptions, we estimate that the epidemic will trigger a 250-billionyuan ($35.33 billion) increase in the nonperforming loans of commercial banks," said Liao Zhiming, chief banking analyst at Tianfeng Securities Co. Asset quality is expected to worsen for SMEs in the sectors badly hit by the epidemic, such as catering, tourism and transportation, Liao said in a report on Feb 13.
Apart from providing low-cost funds to small banks, the central bank will also urge commercial lenders to increase support for small businesses by implementing policies under China's Macro Prudential Assessment framework, Liu said.
Besides, the central bank will urge small- and medium-sized commercial lenders to implement relevant policy measures under its Macro Prudential Assessment framework.
The regulator said it will help Dajia remain as a private company, enhance its corporate governance structure, improve its repayment capacity and management, and promote sustainable and sound development of the insurer by strengthening prudential regulation.
"A prudential management mechanism is required in banks, and they need to realize the boundary of doing business," he added, meaning that some highrisk interbank investment may not be guaranteed by the government.
The PBOC will focus on improving financial, macroeconomic management, as well as enhancing macro prudential regulations in next year's plan, it said.
Huo Yingli, director of the Macro Prudential Management Bureau of China's central bank, said at the forum on Wednesday that more innovative renminbi products should be rolled out in Lingang so that it can truly grow into a high point for China's new round of opening-up.
But the RMB internationalization requires "high-quality" capital account convertibility, as well as changes to the cross-border investment regulations, wrote Huo Yingli, director of the PBOC's Macro Prudential Management Bureau, in an article.
China's financial regulators will continually open the capital account, allowing more foreign investment into the domestic market, especially for the pilot programs in some key areas including the Shanghai Free Trade Zone, said Huo Yingli, head of the Macro Prudential Management Bureau of the central bank.
The country is taking measures "to effectively iron out crossborder capital flow fluctuations and reduce their impact on the foreign exchange rate", said Huo Yingli, director general of the Macro Prudential Administration of the People's Bank of China, the central bank.
"The prudential monetary policy was focused on countercyclical adjustments this year, maintaining flexibility as well as ample liquidity to promote fast growth of credit and strengthened support of private and small enterprises," Pan added.
Prudential Plc, Britain's largest insurer, plans to expand operations and open more offices in China, as it steps up efforts to expand its presence in the country's insurance sector, according to a senior company executive.
Nic Nicandrou, chief executive of Prudential Corp Asia, said that its life insurance joint venture with CITIC will set up its 20th branch in Northwest China's Shaanxi province.
He noted that Eastspring Investments, Prudential's asset management business in Asia, has opened a wholly-owned investment and distribution office in Shanghai.
"Currently, China is one of the largest contributors to Prudential's new sales and profit in the region, according to Nicandrou.
The executive said that the insurance market in China is still underdeveloped compared with developed countries, which offers immense growth potential for Prudential to expand its presence.
HONG KONG - Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China’s private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies.
“The average longevity of people in China is increasing but the pension market remains under-penetrated,” Prudential Asia Chief Executive Nic Nicandrou told Reuters.
The regulatory tightening reflected a prudential attitude, which aims to enhance banks' resilience to risks, he added.
Zeng Gang, deputy director-general of the National Institution for Finance and Development, said the regulatory adjustment will benefit banks in terms of promoting steady and prudential development.
Reforms including revamps of the market access system and trading regulations should be deepened, and regulators should take a two-pronged approach to enforcing both prudential management at the macro-economic level and supervision over activities at the market level, Xi said.
A spokesperson for the Australian Prudential Regulation Authority, the statutory authority that regulates the Australian financial services industry, told China Daily: "If WeBank wants to conduct banking business in Australia it would need to apply to APRA for authorization to do so.
Britain's Prudential Plc and Canada's Sun Life Financial Inc are among insurers who expressed interest in recent months in owning more of their China operations.
The central bank's latest move is a part of the macro prudential regulatory measures to cushion exchange market vulnerabilities, a representative of the People's Bank of China said in a statement on its website.
"After the reform of the exchange rate regime on August 11, 2015, the PBOC included commercial banks' foreign-exchange forward business into a macro prudential supervision framework.
The move is under the central bank's macro prudential regulatory framework, to ease exchange market vulnerabilities, other than a government intervention measure or capital control, according to a central bank spokesperson.
Financial institutions' activities in both ways will be supervised by the PBOC's macro prudential assessment framework-a set of tightened regulatory standards to prevent a systemic financial crisis, the statement said.
Financial institutions’ activities in both of the two ways will be supervised by the PBOC’s macro prudential assessment framework, a set of tightened regulatory standards to prevent systemic financial crisis, the statement said.
“The PBOC will continue to pay close attention to both internal and other economic and financial trends, to implement a prudential and neutral monetary policy, strengthen forecasting and step up efforts in policy fine-tuning,” it said.
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