Frank Jiang and Emily Xu of Zhong Lun Law Firm highlight the newly introduced regulations aimed at foreign-invested banks and insurers to encourage foreign investors to expand their presence in China and strengthen the competitiveness in the financial sector
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
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.
