China Insurance Regulatory Commission, Circular on Matters Relevant to the Offering of Preference Shares by Insurance Companies (Draft for Comments)

中国保险监督管理委员会关于保险公司发行优先股有关事项的通知 (征求意见稿）

November 10, 2014 | BY

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Issued: September 16 2014Main contents: Only insurance companies that satisfy the certain conditions may offer preference shares, including:(1)…

Promulgated: 2014-09-16

Issued: September 16 2014


Main contents: Only insurance companies that satisfy the certain conditions may offer preference shares, including:

(1) having been in business for three years;

(2) having audited net assets of at least Rmb1 billion as at the end of the previous year;

(3) having a regulatory classification of A or B grade during the most recent four quarters; and

(4) having formulated a sound three-year capital plan that has been effectively implemented.

issued:2014-09-16

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