New Measures for Foreign Company

金融业对外开放大动作!

时间:2019-08-01 16:14:10

On July 20th, the Office of the Financial Stability and Development Committee of the State Council announced that, in order to implement the decision-making plan of the Central Committee of the Party and the State Council on further opening up, the following 11 financial opening-up measures for foreign companies were announced.

7月20日,国务院金融稳定发展委员会办公室发布《关于进一步扩大金融业对外开放的有关举措》,为贯彻落实党中央、国务院关于进一步扩大对外开放的决策部署,按照“宜快不宜慢、宜早不宜迟”的原则,在深入研究评估的基础上,我国推出以下11条金融业对外开放措施:

The 11 New Measures for Foreign Companies

Allow foreign-funded institutions rate all kinds of bonds in the inter-bank bond market and the exchange bond market when conducting credit rating business in China.

Encourage overseas financial institutions to participate in the setting up and investment of asset management subsidiaries of commercial banks.

Allow overseas asset management institutions to establish joint ventures with subsidiaries of Chinese-funded banks or insurance companies to set up asset management companies controlled by foreign parties.

Allow overseas financial institutions to invest in holding stakes in old-age pension management companies.

Support foreign capital to establish or hold stakes in currency brokerages.

The transition period from 51% to 100% of the ratio of foreign capital shares in life insurance is advanced from 2021 to 2020.

The upper share holding limits for foreign investors in domestic insurers will be allowed to exceed 25 percent.

Relax access conditions for foreign-funded insurance companies and cancel the requirement of 30 years of operation.

The scheduled removal of restrictions on the ratio of foreign capital to shares of securities companies, fund management companies and futures companies is advanced from 2021 to 2020.

Allow foreign investment institutions to obtain Type-A Main Underwriting Licenses in the interbank bond market.

Further facilitate foreign institutional investors to invest in the inter-bank bond market.

允许外资机构在华开展信用评级业务时,可以对银行间债券市场和交易所债券市场的所有种类债券评级。

鼓励境外金融机构参与设立、投资入股商业银行理财子公司。

允许境外资产管理机构与中资银行或保险公司的子公司合资设立由外方控股的理财公司。

允许境外金融机构投资设立、参股养老金管理公司。

支持外资全资设立或参股货币经纪公司。

人身险外资股比限制从51%提高至100%的过渡期,由原定2021年提前到2020年。

取消境内保险公司合计持有保险资产管理公司的股份不得低于75%的规定,允许境外投资者持有股份超过25%。

放宽外资保险公司准入条件,取消30年经营年限要求。

将原定于2021年取消证券公司、基金管理公司和期货公司外资股比限制的时点提前到2020年。

允许外资机构获得银行间债券市场A类主承销牌照。

进一步便利境外机构投资者投资银行间债券市场。

编辑: 田静怡