China to lower asset threshold for HK, Macao institutions investing in mainland insurers
A Chinese clerk counts renminbi yuan banknotes in Nantong, East China”s Jiangsu province. [Photo/IC] BEIJING – The National Financial Regulatory Administration (NFRA) on Wednesday announced that China will lower the asset requirement threshold for Hong Kong and Macao financial institutions to invest in mainland insurers, as part of its efforts to deepen opening-up in the