Real property tax will be expanded to cover more cities.
Branches of foreign insurance companies are allowed to make capital contributions in renminbi.
The Insurance Law applies to export credit insurance contracts.
Insurance asset management companies allowed to sell asset management products.
CIRC elaborates on investment risk owner requirements.
The capital contribution or shareholding of each PE partnership may not exceed 5% of a single insurance company.
Insurance group companies allowed to offer subordinated debt with fixed terms.
Insurance companies required to formulate development plans.
The CIRC provides consolidated measures for establishments of insurance companies.
The Provisions regulate the engagement in public securities fund management by securities companies, insurance companies, private equity firms and venture capital firms.