Taiwanese life insurers win landmark QFII licences
China Life and Shin Kong Life become the first to receive regulatory approval to invest in mainland China outside of real estate. They must now await quotas, with China Life targeting what would be a record $500 million.
Two Taiwanese life insurers have become the first of their breed to be granted qualified foreign institutional investor (QFII) licences by mainland China’s regulator CSRC in a landmark move.
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