Doing Business in China

Foreign insurance participation in China insurance companies Business license four formal criterias

For a business license, a prospective foreign insurer would have to meet the Following formal criterias:

1) To operate a representative office (where no business could be conducted) in China for a minimum of 2 years.

2) To have parent company assets exceeding US$ 5 billion for a year prior to application;

3) To have at least 30 continuous years of experience in insurance underwriting;

4) For the applicant home country to have a sound financial regulatory and supervision System.