On October 7, 2014, the FSC announced amendments regarding the “Regulations Governing Foreign Investments by Insurance Companies (“Amendments”).  Major amendments include: (1) Qualified insurance companies may acquire real property overseas and in the Mainland China area with notification required by FSC; (2) Where an insurance company has received FSC approval, the total amount of its investments in domestic or foreign insurance-related enterprises (which is controlled by or affiliated with the insurance company) and in its equity investments in Mainland China will not be subject to the rule restricting the aggregate amount of such investments to 40% of the insurance company’s owners’ equity; (3) Insurance companies investing in foreign banking enterprises or other foreign insurance-related enterprises should comply with applicable rules concerning investor qualifications.