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ARTICLE · 06 DECEMBER 2013

Global Corporate Insurance & Regulatory Bulletin, November 2013

Mayer Brown
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The China Insurance Regulatory Commission announced new rules ("Implementing Rules of Provisional Measures on Outbound Investments with Insurance Capital") in October.

GlobalInsurance
David Alberts
David Alberts
Lawrence Hamilton
Lawrence Hamilton
Colin Scagell
Colin Scagell
Vikram Sidhu
Vikram Sidhu
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ASIA

China - Chinese Insurers as a New Source of Capital for Private Equity Funds?

The China Insurance Regulatory Commission ("CIRC") announced new rules (Implementing Rules of Provisional Measures on Outbound Investments with Insurance Capital) in October. The new rules allow Chinese domestic insurance companies greater freedom in contributing to overseas private equity funds. Given the expansive asset portfolio of such insurers, the potential for additional capital for private equity funds could be significant.

The rules also permit access to other international asset classes, including fixed income products, equity type products, money market products, securities investment funds, and real estate, although such investments are restricted to a sub-set of 25 developed countries (including the US, Canada, Australia, New Zealand, much of Europe, Singapore, Japan and Israel) and 20 markets classified as emerging markets (the other BRIC countries plus Taiwan,

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