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China aims to attract more foreign insurers

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China's central bank has issued new measures to open the country's insurance sector to foreign participants, Lexology reported. Under the new rules, limitations on the scope of business of foreign insurance brokers will be abolished. Additionally, foreign investors in Chinese insurers will not need to maintain an authorized representative office in China for two years prior to making any investment. The People's Bank of China plans to implement the measures before the end of this year.

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