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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.