May 31, 2010
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Notice by the General Office of the China Banking and Insurance Regulatory Commission of the Point in Time of Explicitly Lifting Restrictions on Foreign Ownership Ratio in Joint-venture Life Insurance Companies [Effective]
中国银保监会办公厅关于明确取消合资寿险公司外资股比限制时点的通知 [现行有效]
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Notice by the General Office of the China Banking and Insurance Regulatory Commission of the Point in Time of Explicitly Lifting Restrictions on Foreign Ownership Ratio in Joint-venture Life Insurance Companies 

中国银保监会办公厅关于明确取消合资寿险公司外资股比限制时点的通知

(No. 230 [2019] of the General Office of the China Banking and Insurance Regulatory Commission) (银保监办发〔2019〕230号)

All local offices of the China Banking and Insurance Regulatory Commission and foreign-funded insurance companies: 各银保监局、外资保险公司:
On July 20, 2019, the Office of Financial Stability and Development Committee under the State Council issued the Measures for Further Opening the Financial Sector Wider to the Outside World, under which the transitional period for raising the ratio of foreign stake in a personal insurance company from 51% to 100% will be brought forward to 2020. For the purposes of promoting the implementation of the aforementioned opening up measures as soon as possible, you are hereby notified of the relevant specific matters as follows: 2019年7月20日,国务院金融稳定发展委员会办公室对外发布《关于进一步扩大金融业对外开放的有关举措》,将人身险外资股比限制从51%提高至100%的过渡期提前至2020年。为推动上述对外开放举措尽快落地,现将有关具体事项通知如下:
I. As of January 1, 2020, restrictions on the proportion of foreign capital in a joint-venture insurance company engaged in life insurance business (hereinafter referred to as the “joint-venture life insurance company”) shall be officially removed, and thus the proportion of foreign capital in the joint-venture life insurance company may amount to 100%.   一、自2020年1月1日起,正式取消经营人身保险业务的合资保险公司(以下简称合资寿险公司)的外资比例限制,合资寿险公司的外资比例可达100%。
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