China Banking and Insurance Regulatory Commission, Provisions for the Administration of Insurance Asset Management Companies

中国银行保险监督管理委员会保险资产管理公司管理规定

August 19, 2022 | BY

Susan Mok

Foreign investors have the same shareholding cap as domestic investors in insurance asset management companies.

Promulgated: July 28, 2022

Effective: September 1, 2022

Main contents: The Provisions provide that foreign and domestic insurance company shareholders of insurance asset management companies are to be treated equally and abolish the cap on the percentage of equity held by foreign investors. Where a foreign institution serves as a shareholder, it is required to comply with relevant laws, regulations and regulatory provisions of the country or region where it is located and the financial regulator of the country or region where it is located is required to have established a good regulatory cooperation mechanism with the State Council's financial regulator.

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