November 08, 2011
Foreign shipping firms allowed to set up WFOEs in China.
CIRC sets entry thresholds for insurance intermediary companies.
Exit mechanism created for insurance companies.
The Measures set forth the conditions for a transferee of insurance business and the procedure for such transfer.
July 08, 2011
Pilot variable annuity projects launched in Beijing, Shanghai, Guangdong, Shenzhen and Xiamen.
The Measures detail the two management models of variable annuities and set forth requirements in respect of allocations to the liability reserve and information disclosure.
June 01, 2011
Insurance companies require Rmb200 million to commence business.
CIRC strengthens regulation of the agricultural insurance business.
May 04, 2011
Draft regulation will allow more financial institutions to become insurance brokers