IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Aug 2013 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

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 with this Revised Version, foreign insurance companies are allowed to use RMB denominated income to make capital injections into their joint ventures or into wholly foreign-owned subsidaries, and to allocate working capital to branches within China.
 
Before the adoption of this Revised Version, foreign insurance companies were only permitted to use freely convertible currencies to conduct capital injections or allocation of working capitals in China. The Revised Version cancelled this restriction, thus facilitating foreign investment in the Chinese insurance sector.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.