This Milliman Asia ERM newsletter features an in-depth update on the China Risk Oriented Solvency System (C-ROSS). C-ROSS, China's first-generation factor-based solvency regulation system, was put into place in 2007 after four years of preparation. It subsequently suffered from the same shortcomings as Europe's Solvency I, a similar regime. In 2012 plans and an implementation timeline were announced for a risk-based solvency framework in China. Get the latest developments in the newsletter, which also includes a report on a recent RBC 2 industry roundtable discussion held in Singapore, updates on other developments in China, Taiwan, and Indonesia, and more information of interest to ERM professionals.