On March 21, the China Insurance Regulatory Commission (CIRC) issued the Measures for the Administration of Acquisitions and Mergers of Insurance Companies (保险公司收购合并管理办法) (M&A Measures), which came into force on June 1. The move is welcomed by the insurance market as
Motivating insurance M&A
The CIRC has made it easier for insurance companies to engage in M&A. Although the Commission maintains a strict supervisory role in transactions, its motive for deregulation is clear. More reforms are in the pipeline for this complex and competitive market
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