Taiwanese life insurers win landmark QFII licences
China Life and Shin Kong Life become the first to receive regulatory approval to invest in mainland China outside of real estate. They must now await quotas, with China Life targeting what would be a record $500 million.
Two Taiwanese life insurers have become the first of their breed to be granted qualified foreign institutional investor (QFII) licences by mainland China’s regulator CSRC in a landmark move.
China Life Insurance and Shin Kong Life Insurance were among three institutional investors to receive QFII permits last month, with the other being the Monetary Authority of Singapore.
The insurers must now await the award of their QFII quotas from the State Administration of Foreign Exchang…
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