Foreign banks are allowed to establish wholly foreign-owned banks and foreign bank branches simultaneously or establish Sino-foreign joint venture banks and foreign bank branches simultaneously in the People’s Republic of China.

A foreign bank branch is allowed to absorb fixed-term deposits of no less than RMB 500,000 per trade from Chinese residents. 

Foreign insurance group companies are allowed to establish foreign-invested insurance companies in China

Specific management measures will be formulated by the insurance regulatory body under the State Council in accordance with the principles set out in the Regulations of the People’s Republic of China on the Administration of Foreign-Funded Insurance Companies and the Regulations of the People’s … 

Measures on further opening-up in financial sectors involving banking, insurance, securities traders, asset management and credit rating.

Foreign-funded institutions carrying out credit rating services in China are allowed to rate all types of bonds on the Inter-bank Bond Market and the Exchange Bond Market. Encourage overseas financial institutions to participate in the establishment and investment of financial subsidiaries of comm…