Insurance Law

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

Employers are given relief from social insurance during the coronavirus period

Foreign parties may hold a controlling interest in wealth management companies

Entry conditions for foreign insurance companies are relaxed