The Chinese Insurance Regulatory Commission partially relaxes mergers with new acquisition rules in the insurance sector expected to help facilitate market entry by expanding the footprint of private capital

China Issues New Insurance Merger Rules* Level play ground, optimizing industry structure, promoting competitiveness, and enriching the risk management tool kit of the insurance institutes”, quoting a statement of CIRC posted on its website [1]. Promotion of Competition CIRC’s partially relaxed mergers and acquisition rules in the insurance sector are expected to help facilitate market entry and expand the footprint of private capital, including the domestic and China-based foreign-funded insurance firms. To begin with, financing sources are broadened. According to Article 30 of the Measures, preconditioned on ex ante approval by CIRC, investors in the merger and acquisition activities of insurance companies may raise funds from merger and acquisition loans or by other means,

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  • AnJie Law (Beijing)

Quotation

Zhan Hao, The Chinese Insurance Regulatory Commission partially relaxes mergers with new acquisition rules in the insurance sector expected to help facilitate market entry by expanding the footprint of private capital, 8 April 2014, e-Competitions Foreign Investment, Art. N° 66758

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