On November 14, 2019, China Banking and Insurance Regulatory Commission approved the commencement of operations of Allianz (China) Insurance Holding Company Limited, China’s first fully foreign-owned insurance holding company. Jincheng Tongda & Neal has provided China legal services to Allianz on the regulatory application.
With the approval, Allianz will strengthen its proposition in China and position the business to capitalize on the fastest growing economy in the world. The approval follows a series of measures recently announced by the Chinese government to further open up and encourage investment in China by foreign financial insurance institutions. It is a great step towards the liberalization of the Chinese financial market.
JT&N’s team is led by senior partners Elsie Shi and George Yu and senior advisor Elizabeth Lan Lan, team members include Celia Luan, Eileen Liu, Eunice Mao,Vicky Wei and others.
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