A street in Shanghai. The China Banking and Insurance Regulatory Commission says it will collect public opinion on the rule change for a month. Photo: EPA-EFE
A street in Shanghai. The China Banking and Insurance Regulatory Commission says it will collect public opinion on the rule change for a month. Photo: EPA-EFE

China to scrap foreign ownership cap for firms managing US$2.9 trillion in insurers’ assets

  • Draft rules pave the way for foreign investors to raise their stakes in insurance asset management companies to 100 per cent and assume control
  • Announcement seen as signalling China’s commitment to removing foreign ownership limits

Topic |   Banking & finance
A street in Shanghai. The China Banking and Insurance Regulatory Commission says it will collect public opinion on the rule change for a month. Photo: EPA-EFE
A street in Shanghai. The China Banking and Insurance Regulatory Commission says it will collect public opinion on the rule change for a month. Photo: EPA-EFE
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