Legislation roundup: Insurance Law and PBOC announcements

The PRC Insurance Law is being amended, the PBOC has granted foreign central banks access to its interbank FX market and has lowered the threshold for MNCs' cross-border renminbi cash pooling

2 minute read October 15, 2015 at 12:28 PM
By
clpstaff and clp articles

Insurance



Legislative Affairs Office of the State Council, Decision on Amending the «PRC Insurance Law» (Draft for Comments)

国务院法制办公室关于修改〈中华人民共和国保险法〉的决定(征求意见稿)



A personal insurance contract with a term of more than one year shall provide for a cooling-off period.

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