China Insurance Regulator Issues New M&A Regulation
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- China's insurance regulator issues new M&A regulations which will take effect June 1, 2014.
- New regulations will allow insurers to own stakes in more than one insurance company that competes in the same products.
- Consistent with the recent trend to open up the insurance industry to market forces, the new regulations are expected to encourage more M&A activity from both domestic and foreign insurers.