China to further open up its life insurance sector to foreign investment

Last month, China's State Council announced a more detailed policy package containing broad details of the specific reforms being developed to achieve its January 20-point plan on the opening up of more sectors and industries to foreign investment, fostering fair competition in China's domestic markets and creating more incentives for foreign investors in China. The State Council’s recent announcement includes express reference to further opening of the insurance market to foreign investment, with a detailed timetable and roadmaps to follow.

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