| CEPA I |
| Sectors or sub-sectors |
7. Financial services |
|
A. All insurance and insurance-related services |
|
|
a |
Life, health and pension/annuities insurance |
|
b. |
Non-life insurance |
|
c. |
Reinsurance |
|
d. |
Services auxiliary to insurance |
|
Specific commitments |
1. |
To allow groups formed by Hong Kong insurance companies through re-grouping and strategic mergers to enter the Mainland insurance market subject to established market access conditions (total assets held by the group of over US$ 5 billion; more than 30 years of establishment experience attributable to one of the Hong Kong insurance companies in the group; and a representative office established in the Mainland for over 2 years by one of the Hong Kong insurance companies in the group). |
| 2. |
The maximum limit of capital participation by a Hong Kong insurance company in a Mainland insurance company is 24.9%. |
| 3. |
To allow Hong Kong residents with Chinese citizenship, after obtaining the Mainland's professional qualifications in actuarial science, to practise in the Mainland without prior approval. |
| 4. |
To allow Hong Kong residents, after obtaining the Mainland's insurance qualifications and being employed or appointed by a Mainland insurance institution, to engage in the relevant insurance business. |
