European Union Chamber of Commerce in China
Insurance Working Group (Beijing & Shanghai)
Working Group Meeting
Friday, 13 June 2014, 4pm-6pm
The European Chamber is pleased to invite you to the next Insurance Working Group meeting on Friday, 13 June 2014 from 4pm-6pm at our Beijing and Shanghai offices.
We will have the pleasure of welcoming Ms. Lynn Yang, Partner at Norton Rose Fulbright who will give a presentation on the “Recently issued CIRC’s insurance M&A measures and the implications for both the industry and foreign players.”
On 21 March 2014, CIRC issued the Administrative Measures on the Acquisition and Merger of Insurance Companies (the Insurance M&A Measures) which will take effect from 1 June 2014. The Insurance M&A Measures apply to M&A activities whereby an insurance company is the target for a merger or acquisition. The target insurance company could be either a domestic or a foreign invested insurer. However, the Insurance M&A Measures will not apply to any equity investment by insurance companies in non-insurance companies in China or in overseas insurance companies.
This is the first time that CIRC has formally promulgated regulations governing M&A activities. This may provide a legal basis and guidance for insurers that are performing well to attract high quality capital and allow stronger insurers to invest in their weaker peers.
Agenda:
1. Presentation on “Recently issued CIRC’s insurance M&A measures and the implications for both the industry and foreign players” by Ms. Lynn Yang, Partner at Norton Rose Fulbright
2. Update on the Insurance Position Paper
3. AOB
If you would like to attend this meeting, please contact Ms. Zoe Shi at zshi@europeanchamber.com.cn by Tuesday, 10 June 2014.
Downloads
Some documents are only available to download by members of the following Working Groups / Fora in Shanghai.
- Insurance (Sub-working Group)
If you are a member please login to our website first to download the documents.
Insurance Working Group Meeting Minutes
Group / Forum Members only
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Insurance M&A and its New Regime
Group / Forum Members only
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Insurance M&A and its New Regime
Group / Forum Members only
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