SHANGHAI (Dow Jones)—China’s insurance coverage regulator mentioned Thursday it will permit certified investors to own a lot more than a 20% stake in an insurer to attract a lot more capital to the sector.
Previously, a single investor’s stake in a Chinese insurance coverage company was capped at 20%.
The China Insurance coverage Regulatory Commission will carry on to restrict complete foreign ownership inside a Chinese insurer at 25%.
The regulator said the new guidelines will need effect June 10.
Posted on Friday, 21 May 2010
China Eases Curbs On Investment In Domestic Insurance Firms
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