State Administration of Foreign Exchange, Guidelines for the Foreign Exchange Control on the Insurance Business

国家外汇管理局保险业务外汇管理指引

March 17, 2015 | BY

clpstaff &clp articles &

SAFE relaxes access to the foreign exchange insurance market.

Clp Reference: 3900/15.01.19 Promulgated: 2015-01-19 Effective: 2015-03-01

Issued: January 19 2015
Effective: March 1 2015

Main contents: The State Administration of Foreign Exchange delegates the authority to approve the market access to and withdrawal from the foreign exchange insurance market, and the conversion of foreign exchange registered capital to local branches (Articles 5, 12 and 34). It also removes the requirement to have the foreign exchange insurance business qualifications approved again every three years.

clp reference:3900/15.01.19promulgated:2015-01-19effective:2015-03-01

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