In the News: First Foreign Pensions Insurer Approved; Shanghai Corporate Tax Cuts Considered; and Bitcoin Mining Ban Weighed

April 15, 2019 | BY

Marilyn Romero

Heng An Standard Life Insurance becomes the first foreign-invested pensions insurer to win CBIRC approval; Shanghai announces plans for more corporate tax cuts this year; and China mulls closure of virtual currency mining outfits.

pension

Heng An Standard Life wins approval as China's first foreign pensions insurer

China's first foreign-invested pensions insurance company has been approved by the China Banking and Insurance Regulatory Commission, or CBIRC, last month. Heng An Standard Life Insurance is a 50:50 joint venture between the U.K.'s Standard Life Aberdeen and China's Tianjin TEDA International, and was originally set up in 2003. The company offers a range of health, life and savings products.

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