Insurance


As in the case of banking China has agreed to issue licences, solely on the basis of prudential criteria, without quantitative limits. Foreign insurance companies with a Chinese licence will be allowed to expand by opening branches in line with the phasing out of geographic restrictions. Foreign life insurers will be able to establish joint ventures with 50 per cent foreign ownership. Geographic restriction for these joint ventures will be removed by 11 December 2004. Foreign non-life insurers will be able to operate as wholly foreign-owned entities as of 11 December 2003 and without geographic restrictions as of 11 December 2004.




Doing Business with China
Doing Business with China
ISBN: 1905050089
EAN: 2147483647
Year: 2003
Pages: 648
Authors: Lord Brittan

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