Insurance Law

The Circular deals with issues related to investments in insurance company subordinated debt with fixed term by insurance companies and insurance asset management companies. Investments in subordinated debt by insurance companies shall handled by the head office of insurance companies.

Promulgated: December 15 2004Effective: January 1 2005Interpreting authority: China Insurance Regulatory Commission (CIRC)Main contents: Without the approval…

Promulgated: December 15 2004Effective: January 15 2005Applicability: Non-life insurance business as referred to in these Procedures shall be insurance…

Relaxed requirements for foreign invested financial institutions in renminbi business, profitability requirement, branch office establishment and starting insurance agency service.

Allows insurance companies and insurance asset management companies to directly purchase and trade renminbi-denominated common stock, and to directly purchase convertible corporate bonds and other specified investment product.

National LegislationBankingEngagement in Insurance Agency Business by Mainland Branches of Hong Kong and Macao Banks Notice 关于香港和澳门银行内地分行从事代理保险业务的公告L3610/04.11.01Business…

The Procedures allow insurance companies and insurance asset management companies to directly purchase and trade renminbi-denominated common stock, and to directly purchase convertible corporate bonds and other specified investment product.

Allows insurance companies and insurance asset management companies to directly purchase and trade renminbi-denominated common stock, and to directly purchase convertible corporate bonds and other specified investment product.

Promulgated: October 22 2004Effective: January 1 2005Main contents: The municipality shall implement a compulsory third-party liability insurance system…