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China moves closer to allowing foreigners to control insurance ventures: sources

Nov 19 , 2018

HONG KONG/BEIJING (Reuters) - China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said.

The regulator is expected to publish its final guidelines as soon as the first quarter of 2019 and would begin taking applications from interested foreign insurers soon after that, they said

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