News Regulations24 Jul 2019

Opening up of China's insurance and pension sector is credit positive:Moody's

Following a 2017 decision to open China's financial sector to foreign firms, the People's Bank of China recently announced further measures to open up the insurance sector. These include lifting the foreign ownership limit on life insurers in 2020 and removing a previous restriction that allowed only foreign insurers with operating histories of over 30 years to enter the market.

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