Legislation roundup: Insurance companies' M&A, accounting firms in the FTZ and cultural service export tax

The CIRC has established measures for the M&A of insurance companies, MOFCOM has helped accounting firms to set up branches in the free trade zone and tax burdens were lifted for cultural service exports

2 minute readApril 11, 2014 at 03:15 AM
By
clpstaff
& clp articles

M&A



China Insurance Regulatory Commission, Measures for the Administration of the Acquisition and Merger of Insurance Companies

中国保险监督管理委员会保险公司收购合并管理办



Subject to the approval of the CIRC, an acquirer may, once it has completed the acquisition, control two insurance companies that engage in the same type of business.

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