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

Beyond the Memorandum: Shanghai Court Enforces Singapore Judgment by Confirming “Reciprocal Consensus” Under China’s New Framework

On January 8, 2025, the Shanghai International Commercial Court recognized and enforced a Singapore High Court monetary judgment in Zhao v Ye (2023) Hu 01 Xie Wai Ren No. 28. It marks the first judicial confirmation of “reciprocal consensus” between China and Singapore under the 2022 reciprocity criteria, based on the China-Singapore Memorandum of Guidance (MOG).

SPC Issues New Rules for Government Information Disclosure Cases

In May 2025, China's Supreme People's Court (SPC) issued a new judicial interpretation, replacing its 2011 predecessor to standardize adjudication of government information disclosure cases and safeguard citizens' right to know by clarifying trial standards, defendant identification, burden of proof, and preventive relief.

China's Top Court Releases Minor Protection Cases

China's Supreme People's Court (SPC) released five typical cases to strengthen holistic judicial protection for minors, exemplifying the "best interests of the child" principle through integrated criminal, civil, and administrative proceedings.

China Enacts Landmark Private Economy Promotion Law

China enacted its landmark first Private Economy Promotion Law, effective May 20, 2025, to guarantee fair competition, streamline market access via a unified negative list, and bolster private enterprises through financing, innovation, and service support.

China Strengthens Criminal IP Protection with New Rules

In April 2025, China’s top court and procuratorate jointly issued a new judicial interpretation to clarify standards for handling criminal intellectual property infringement cases, aiming to strengthen IP protection, particularly in the service sector.