Govt drafts rules to regulate banks and insurers

    | BY

    clpstaff &clp articles

    Increase of cooperation between banks and insurers brings challenges to lawyers

    Lawyers are expecting draft legislation to further regulate investment between banks and insurers, as the cooperation between the two industries has started to take flight.

    The China Insurance Regulatory Commission (CIRC) and the China Banking Regulatory Commission (CBRC) have drafted the Pilot Management Method of  for Commercial Banks to Invest in the Equity of Insurance Entities. But the regulation is still under discussion and no timetable for the issuance is released yet, said Yuan Li, assistant chairman of the CIRC.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]