China Banking and Insurance Regulatory Commission, Circular on Regulating and Promoting the Development of Commercial Old-Age Financial Business

中国银行保险监督管理委员会关于规范和促进商业养老金融业务发展的通知

May 20, 2022 | BY

Susan Mok

Business cooperation in old-age financial business between banking and insurance institutions is supported

Issued: April 28, 2022

Main contents: The lawful and compliant development of commercial old-age saving, commercial old-age wealth management, commercial old-age insurance, commercial pension and other such old-age financial business by banking and insurance institutions is supported and encouraged (Article 1).

Business cooperation between banking and insurance institutions is supported and encouraged and the fee level for cooperation in commercial old-age financial business shall, in principle, not be higher than that of other similar business of the institution in question (Article 9).

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