Insurance Law

Restrictions on foreign banks, insurers lifted with immediate effect; China tops U.N. global survey for IP protection activity; and leading government agencies and companies launch nationwide blockchain services network

China scraps QFII quotas on foreign investment in capital markets; China and U.S. exchange goodwill gestures ahead of trade talks; CBIRC tightens regulation surrounding affiliate transactions in insurance sector; and surge in pork prices spark government scramble to increase production with subsidies

The asset and liability management of insurance companies is under more stringent scrutiny

Foreign insurers are encouraged to participate in the country's emerging private pensions sector as the state pension fund is heading towards a $1.6 trillion gap over the next 30 years.

The underlying assets of an assembled funds trust in which insurance capital may be invested are limited

Procedures for setting up insurance asset management plans are simplified

The National Negative List relaxes foreign investment in mining, telecommunications, utilities, cinemas and water transport

Pre-tax deduction of insurance companies is clarified

Baker McKenzie and FenXun Partners discuss the impact of the new Foreign Investment Law on the repeal of FIE laws on existing FIEs, as well as the implications of other important provisions for foreign investors and FIEs in future.