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What are the latest measures to open China's financial industry?
1. Qualified foreign investors are allowed to engage in insurance agency business and insurance assessment business in China.

2. Domestic shareholders of joint venture securities companies are no longer required to own at least one securities company, and the upper limit of foreign shareholding ratio of securities companies, fund management companies, futures companies and life insurance companies is relaxed to 565,438+0%, and there will be no restrictions after three years.

3. Cancel the restrictions on the ratio of foreign shares of banks and financial asset management companies. Treat domestic and foreign investors equally, and allow foreign banks to set up branches and subsidiaries in China at the same time.

4. Qualified foreign investors are allowed to engage in insurance agency business and insurance assessment business in China.

Tips: The above contents are for reference only.

Reply time: February 2, 20221. Please refer to the latest business changes announced by Ping An Bank in official website.