ANNOUNCEMENT 19 Jun 2018
June 19th, 2018 - The Chinese government announced it would be opening up the insurance market in the PRC.
NUMBER OF INTERVENTIONS
China Banking Regulatory Commission, June 19th, 2018. (银保监发〔2018〕30号 中国银保监会关于允许境外投资者来华经营保险代理业务的通知)
On June 19th, 2018, the China Banking Regulatory Commission announced that foreign insurance agencies who have been conducting business for at least three years would be allowed to set up businesses in China.
The policy was intended to 'further expand the opening up of the insurance industry and promote the insurance agency industry in China'.
The announcement was released in tandem with another that allowed foreign insurance assessment firms to set up in China, please see related act for more information.