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Li Keqiang, premier of China, said that the country will further expand market access for foreign financial firms including insurers and insurance brokers this year, Reuters reported citing sources. Mr. Keqiang said that the government will also issue "more favorable" rules for foreign acquisitions of Chinese listed firms. China will also revise and shorten a “negative” list of areas with restrictions on foreign investment, before the end of June, he added.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms