China Eases Investment Curbs On Insurers

Law360, New York (May 20, 2010, 4:04 PM EDT) -- The China Insurance Regulatory Commission will reportedly ease investment rules on June 10, allowing certain lenders to hold a stake of more than 20 percent in insurance companies in an effort to assist the industry in raising capital.

Previously, no lender could hold a stake in an insurer greater than 20 percent. China's regulators will limit total foreign ownership in domestic insurers at 25 percent, according to a report by Dow Jones.

In January, citing unnamed CIRC officials, Xinhua reported that the regulators were in the...
To view the full article, register now.