The Fog Clears for Foreign-invested Insurance Companies: More Detailed Implementing Rules Issued

Foreign participation in the insurance industry has been given a boost with the China Insurance Regulatory Commission's issuance of implementing rules for foreign-invested insurance companies.

11 minute readJuly 02, 2004 at 12:58 AM

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By Dr. Xu Guojian, Partner, LÃ¼ Guoming & Pek-Siang Tee, Boss & Young, Shanghai

On May 13 2004, the China Insurance Regulatory Commission (CIRC) promulgated the PRC Administration of Foreign-invested Insurance Companies Regulations Implementing Rules(中华人民共和国外资保险公司管理条例实施细则)(the Implementing Rules).

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