China Justice Observer

中司观察

EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

CBIRC Relaxes Entry Terms of Foreign Insurance Brokers

Tue, 25 Jan 2022
Categories: China Legal Trends

On 3 Dec. 2021, China Banking and Insurance Regulatory Commission (CBIRC) released the “Notice on Clarifying Measures for the Opening-up of the Insurance Intermediary Market” (hereinafter “the Notice”, 关于明确保险中介市场对外开放有关措施的通知).

The highlights of the Notice are to relax conditions of market entry for foreign insurance intermediaries.

According to the Notice, China will allow insurance intermediary institutions invested and established by foreign insurance group companies or domestic foreign-funded insurance group companies to operate related businesses.

It is reported that the CBIRC will continue to steadily promote the opening-up of the banking and insurance industry.

 

 

Cover Photo by Patrick Xu on Unsplash

Contributors: CJO Staff Contributors Team

Save as PDF

You might also like

China Issues New Rules on Foreign-Related IP Disputes

In March 2025, China issued regulations effective May 1, 2025, to enhance dispute resolution, evidence collection, and countermeasures for foreign-related intellectual property disputes, strengthening services and enterprise capabilities.

SPC Issues China’s First Anti-Anti-Suit Injunction (AASI) in IP Case

In December 2024, China’s Supreme People’s Court (SPC) issued its first anti-anti-suit injunction in a patent dispute, Huawei v. Netgear, prohibiting Netgear from obstructing Huawei’s Chinese litigation, marking a significant step in global standard-essential patent governance.

SPC Launches Diversified Dispute Resolution Case Database

In February 2025, China's Supreme People's Court launched a public “Diversified Dispute Resolution Case Database” with over 200 cases, showcasing mediation and arbitration examples across various dispute types to guide alternative dispute resolution.

Beijing Passes Autonomous Vehicle Regulation

In December 2024, Beijing passed the "Beijing Autonomous Vehicle Regulation", effective April 1, 2025, to promote development and safety, allowing self-driving cars in taxis, buses, and more after rigorous testing.

SPC Revises Rules on Mainland China - Taiwan Judgment Recognition

China’s Supreme People’s Court (SPC) has amended regulations on the mutual recognition and enforcement of civil judgments between Mainland China and Taiwan, clarifying application procedures, exceptions, and jurisdictional conflicts, effective January 1, 2025.

China Establishes Shanghai International Commercial Court

The Shanghai International Commercial Court was established in December 2024 as a division of the Shanghai First Intermediate People’s Court, with exclusive jurisdiction over foreign-related commercial cases and arbitration judicial review, along with newly released jurisdictional regulations and model clauses.