Legislation roundup: Equity investments and information disclosures announced
April 26, 2013 | BY
clpstaff &clp articlesThe CIRC has issued a Circular regulating equity investment in insurance companies. The CRSC has released Guidelines and Compilation Rules for information disclosures by companies that offer securities
Private equity
China Insurance Regulatory Commission, Circular on Issues Relevant to the Regulation of the Investment and Acquisition of Equity Stakes in Insurance Companies by Limited Equity Investment Partnerships
The CIRC has issued a circular governing equity investment in insurance companies by private equity firms in the form of limited partnerships. The capital contribution or shareholding of each PE partnership may not exceed 5% of a single insurance company and the total capital contribution or shareholding of all the PE partnerships may not exceed 15%. PE partnerships may not become the largest or controlling shareholder or the de facto controller of an insurance company nor may they participate in the business management of the insurance company.
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