Legislation roundup: Trust companies, administrative reconsideration and insurance agents

November 27, 2020 | BY

Susan Mok

Foreign financial institutions are allowed to invest in trust companies, an administrative reconsideration may be filed for improper government disclosure of information of citizens or entities and insurance companies bear legal liability for authorized acts of their agents.

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China Banking and Insurance Regulatory Commission, Implementing Measures for Administrative Permission Matters of Trust Companies

A foreign financial institution serving as an investor in a trust company shall satisfy