作者:袁敏 林喆 金杜律师事务所金融资本部

On 11 April, 2018, People’s Bank of China (“PBC”) Governor Yi Gang announced specific measures to further open up the domestic financial market at the Boao Forum for Asia (“BFA”). China will allow qualified foreign investors to engage in the business of insurance agency and the business of insurance appraisal in a few months. In the meantime, foreign-owned insurance brokerage companies are to be allowed to expand their business scope to equal their Chinese peers. These indicate that all three fields, namely insurance brokerage, insurance agency, and insurance appraisal, will open up to foreign investment. The extent and pace of liberalization will be beyond expectation. On 27 April, 2018, the China Banking and Insurance Regulatory Commission (“CBIRC”) issued Measures to Accelerate the Opening-up of the Banking and Insurance Industries, saying the CBIRC will speed up the implementation of the measures to allow qualified foreign investors to run insurance agencies or offer insurance appraisal services in China, and issued the Notice on Expanding the Business Scope for Foreign-funded Insurance Brokerages to allow foreign-funded insurance brokerages to cover the same business scope as their Chinese peers.

Continue Reading Insurance intermediary market will further open up to foreign investors

作者:袁敏 林喆 金杜律师事务所金融资本部

2018年4月11日,中国人民银行行长易纲在博鳌亚洲论坛中宣布了进一步开放中国金融市场的具体措施,外资保险中介扩容、扩大外资保险中介业务范围是此次保险业对外开放的亮点之一。中国将于几个月内,允许符合条件的外国投资者来华经营保险代理业务和保险公估业务,同时放开外资保险经纪公司经营范围,与中资一致。上述举措意味着保险经纪、保险代理和保险公估三大领域将全部向外资开放,开放力度及速度超乎意料。
Continue Reading 保险中介业务向外资进一步开放