Timetable for lifting restrictions on foreign share ratio of JV life insurance companies

On December 13, China Banking & Insurance Regulatory Commission (CBIRC) issued a timetable to lift the restrictions on the proportion of foreign shares in joint venture life insurance companies. From January 1, 2020, the restrictions on the proportion of foreign investment of joint venture insurance companies operating life insurance business will be officially cancelled, and the proportion of foreign investment of joint venture life insurance companies can reach 100%. The CBIRC will start to revise the current detailed rules for the implementation of the regulations on the administration of foreign insurance companies. By the end of October, foreign banks hadRead More →

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