FILE PHOTO: A Chinese national flag flies at the headquarters of the People's Bank of China, the country's central bank, in Beijing, China, January 19, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Foreign insurers embrace China as ownership and operating barriers go on fast-track easing

  • China to let foreign life insurers own 100 per cent of mainland ventures from January 1, one year ahead of the initial target
  • Foreign insurers command less than 10 per cent of general and life insurance market in China, McKinsey estimates
Topic |   Insurance
FILE PHOTO: A Chinese national flag flies at the headquarters of the People's Bank of China, the country's central bank, in Beijing, China, January 19, 2016. REUTERS/Kim Kyung-Hoon/File Photo
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