China Banking Regulatory Commission, Measures for the Administration of Pilot Projects for the Investment by Commercial Banks in the Equity of Insurance Companies

中国银行业监督管理委员会商业银行投资保险公司股权试点管理办法

March 11, 2010 | BY

clpstaff &clp articles &

CBRC sets out certeria criteria for a commercial bank to take an equity interest in an insurance company.

Clp Reference: 3610/09.11.05 Promulgated: 2009-11-05 Effective: 2009-11-05

Issued: November 5 2009
Effective: as of date of issuance

Main contents: The Measures set forth the criteria for a commercial bank to take an equity interest in an insurance company and specify the requirements on different aspects of risk management such as corporate governance, affiliated transactions, consolidated management and business co-operation.

Related legislation: PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p.21; PRC Banking Regulation Law (Revised), Oct 31 2006; and PRC Commercial Banking Law (Revised), Dec 27 2003

clp reference:3610/09.11.05prc reference:银监发 [2009] 98号promulgated:2009-11-05effective:2009-11-05

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