Article 20 is revised to allow reinsurance business with insurance companies' affiliates.
Negative list for market access put into trial in four regions.
The PRC Insurance Law is being amended again to offer the market more flexibility while tightening supervision. The key changes include greater coverage, consumer protection, funding opportunities and corporate governance
Insurance capital allowed to establish private equity funds.
Unified FTZ negative list reduces the number of items to 122 as compared to 139 items on the 2014 Shanghai FTZ negative list.
The revised Law removes the hurdles for mixed insurance businesses.
Banks required to purchase deposit insurance.
Foreign investment catalogue revised to allow more foreign shareholding.
Insurance capital allowed to invest in venture capital.