China aims to boost foreign investment in property insurance market

Regulator will also support domestic groups with offshore expansion

20241206 China economy property

China's financial regulator plans to enhance supervision and support the development of the country's property insurance industry, partly by encouraging foreign investment. © Reuters

BEIJING (Reuters) -- China's financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement.

The country will support qualified foreign financial institutions to invest in its property insurance market, and encourage domestic property insurance companies to optimise their offshore expansion, the statement said.

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