China to further open up market for insurers, insurance brokers

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.

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