China’s New NDRC Regulations Extend Overseas Investment Regime to Insurance Companies
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- Beginning March 1, 2018, the new outbound investment measures of China’s National Development and Reform Commission (the “NDRC”) will apply to insurance companies and other financial institutions, which have historically been exempted from NDRC approval or filing requirements for their outbound investment activities.
- While the new measures further streamline the NDRC approval and filing process for outbound investments, the scope of covered entities and transactions is expanded.
- The new measures mark a significant step in the Chinese government’s continued efforts to build a comprehensive regulatory framework and strengthen supervision of outbound investment, although it remains to be seen how they will impact the outbound investment activities of Chinese insurance companies and other enterprises.