China Banking and Insurance Regulatory Commission News

Germany, China Agree to Expand Market Access in Insurance, Banking, Finance

Germany and China on Friday signed agreements to strengthen coordination in banking, finance and capital markets, and pledged to further open market access and deepen cooperation to broaden economic ties. The agreements were reached after a two-day visit to Beijing …

Germany, China Discuss Ways to Improve Market Access for Insurers, Banks

Germany and China are working on ways to improve market access for each other’s banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States to ease trade tensions through talks. …

China Eyes Allowing Foreign Insurers to Own Local Joint Ventures: Sources

China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said. The regulator …

Willis Granted Full Insurance Broker License by China

Willis Towers Watson reports that China’s Banking Insurance Regulatory Commission (CBIRC) earlier this month approved Willis Insurance Brokers to be the first fully licensed foreign broker to transact all insurance business in China. This follows President Xi Jinping’s announcement early …