Insurance Law

Shenzhen is spearheading reforms in capital account liberalization and promoting RMB internationalization

CBIRC governs investment of insurance capital in debt-for-equity plans by grade

Insurance companies’ allocation of equity assets is subject to oversight according to their solvency

CBIRC relaxes insurance capital investment in bank capital replenishment bonds

HSBC becomes sole controller of Chinese life insurance venture; first U.S. IPO from China after Luckin scandal raises $510 million; and the CBIRC proposes new rules to regulate online lending.

Insurance asset management products are offered to private investors

CBIRC clarifies the scope of medical insurance products with revisable premium rates

CBIRC tightens its oversight on health insurance business

Goldman Sachs, Morgan Stanley pass final hurdle to take majority control over local JVs; CBIRC releases insurance asset management product rules as part of new regulatory regime; and MOFCOM publishes draft rules mapping out foreign investment complaints procedure

Banks and insurance companies are allowed to engage in sovereign bond futures trading