News China08 Oct 2021

CBIRC urged to clarify foreign shareholders' equity rights in insurance ventures

| 08 Oct 2021

Under the recently published CBIRC Guidelines for Corporate Governance of Banks and Insurance Institutions, it is unclear whether foreign shareholders will be able to exercise their full right to nominate directors for the board or independent directors and supervisors based on their proportion of equity shares, says the Insurance Working Group of the EU Chamber of Commerce in China.

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