Mayer Brown | China, European Union, Hong Kong, etc. | 29 Apr 2014
As reported in our prior bulletins, on 18 July 2013 the International Association of Insurance Supervisors (“IAIS”) published a methodology for…
Mayer Brown | China, European Union, United Kingdom, etc. | 5 Dec 2013
The China Insurance Regulatory Commission (“CIRC”) announced new rules (Implementing Rules of Provisional Measures on Outbound Investments with…
Mayer Brown | China, Global, Hong Kong, etc. | 31 Jul 2013
On July 18, 2013, the G-20’s Financial Stability Board ("FSB") released its list of nine global systemically important insurers ("GSIIs"): Allianz SE…
Mayer Brown | China | 4 Jun 2013
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Mayer Brown | China | 9 May 2013
China Insurance Regulatory Commission ("CIRC") has raised the ownership ceiling for domestic investors in insurers from 20% to 51%, potentially…
Mayer Brown | China | 9 May 2013
The People's Bank of China ("Central Bank") has revamped the country's anti-money laundering rules governing financial institutions, including…
Mayer Brown | China | 5 Mar 2012
For more than 4 years prior to the end of 2010 no new approvals for the establishment of Insurance Asset Management Companies (“IAMCs”) had been issued by the CIRC, and only 9 IAMCs existed in the China market.
Mayer Brown | China | 5 Mar 2012
On 22 March 2011, the Chinese Insurance Regulatory Commission (“CIRC”) released new draft rules on the administration of representative offices of foreign insurance related institutions (the “Draft Rules”).
Mayer Brown | China | 30 Jun 2011
The Financial Services and Treasury Bureau published the “Proposed Establishment of an Independent Insurance Authority Consultation Conclusions and Detailed Proposals” (“Consultation Conclusions”) and the relevant “Frequently Asked Questions” (“FAQs”) on 24 June 2011.