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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, Feb 28 Asia Pulse - Foreign insurers are going to face a much higher threshold to enter the Chinese market due to the industry watchdog revising the management rule on foreign insurers' representative offices in Beijing.
As a major change, the new draft, which is open to the public opinion before March 9, required foreign insurance institutions to have at least 20 years of continuous experience in running an insurance business when applying for a licence to set up a representative office in China.
For those running non-insurance businesses, they should have a...
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