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CN to Abolish US$2B Total Asset Requirement for HK, MO Financial Institutions to Buy Stakes in Insurers in Mar
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The National Administration of Financial Regulation of China (NAFR) issued a notice on matters relating to the acquisition of shares in insurance companies by Hong Kong and Macau financial institutions. Starting from 1 March, the requirement that the total assets of Hong Kong and Macau financial institutions must not be less than US$2 billion at the end of the most recent year will no longer be enforced for the acquisition of shares in insurance companies. AAStocks Financial News |
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