The China Insurance Industry: Key Updates and Trends Affecting Foreign Investment

February 16, 2018 | BY

Susan Mok

The China insurance industry has seen further opening-up and increased oversight.

Introduction

Foreign investment in China's insurance sector, like many sectors, is strictly controlled. Specific restrictions depend on the industry sub-segment, yielding a complex and evolving set of circumstances aimed at channeling foreign investment to promote national and industry requirements. Examples of established insurance investment regulation include: high standards for insurance industry investors; equity ownership limits; and a rigorous licensing process. Recently, new developments have emphasized the following topics:

  • Expectation of further “opening up” of the China insurance industry to foreign investment
  • Increased oversight by the China Insurance Regulatory Commission (CIRC)
  • Strengthened national regulation over data protection and cybersecurity

 

Further Opening-up

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