Corporate Governance

Shareholding restriction on single shareholders of insurance companies relaxed.

Market access prohibition is now an administrative penalty for the insurance industry.

Insurance companies required to disclose seven types of information.

The CIRC may release a major shareholder from the restriction on shareholding percentage if it satisfies certain provisions.

The Measures specify the information that an insurance company is required to disclose as well as the method and time of disclosure.

SAIC issues policies to encourage more foreign investment.

SAIC seeks to establish credibility files of legal representatives.

With a heightened focus on executive corruption and the new tort law coming into effect in July, three specialists offer their insights on how foreign senior personnel can protect themselves from liability should their companies run into trouble

State Council delegates approval of foreign investment to lower level authorities.