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: 19 Jun 2018 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On June 19th, 2018, the China Banking Regulatory Commission announced that it was allowing foreign insurance assessment firms to set up in China.

The only stipulation is that firms must have been conducting business successfully for three years to be able to do so.

The policy was intended to 'further expand the opening up of the insurance industry and promote the insurance agency industry in China'.

A simultaneous announcement allowed foreign insurance agencies to do the same (see related act for more information).

AFFECTED COUNTRIES

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