Global Trade Alert
Global Trade Alert

China: Financial regulator allows 100% foreign ownership of life-insurance firms

Announcement

06 Dec 2019

December 6th, 2019 - A Chinese government body removed restrictions on foreign ownership in the life insurance industry.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

01 Jan 2020

Revocation date:

No revocation date

FDI: Entry and ownership rule In force

On December 6th, 2019, the China Banking and Insurance Regulatory Commission released Yinbaolin Banfa 2019/230, which removed the equity restriction on foreign firms in the Chinese life insurance mark...

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