What are the types of foreign-funded insurance companies in China?
Effective from February 2002, the Administration of Foreign-funded Insurance Companies Regulations (FFIC Regulations) liberalizes foreign access to China’s insurance sector. The types of foreign-funded insurance companies that may be approved by the CIRC for establishment in China include: (i) an equity joint venture insurance company; (ii) a WFOE insurance company; and (iii) a foreign insurance company branch within China. Foreign insurance service suppliers may not establish PRC companies limited by shares. Foreign-funded insurance brokerages and agencies may only take the form of limited liability companies. Insurance brokerages may be established as either a limited liability company or as a company limited by shares. Insurance agencies may be a partnership, a limited liability company or a company limited by shares. Foreign-funded insurance companies will be able to conduct open or closed securities investment fund management businesses on China’s exchanges. The securities investm
