Global Trade Alert
Global Trade Alert

China: Foreign insurance companies allowed to use RMB for some operations

Announcement

08 Jun 2013

In June 2013, the government of China announced a rule change for commercial cross-border financial flows.

Source

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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 Aug 2013

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On June 8, 2013, Chinese government released the Regulations on Administration of Foreign Invested Insurance Companies (Revised Version) which will come into effect on August 1, 2013. In accordance...

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