- Over 150 investment companies
- focus on infrastructure and high-tech industries
- China National Investment Association (CNIA), a quasi-governmental investment organization, has 63 of these investment companies
State Investment Co. (continued) - Six new investment companies in 1988
- allocate budgetary funds to companies
- China National Energy Investment Corporation
- China National Transportation and Communications
- China National Raw Materials
- China National Machinery, Electronics, Light Industry and Textile Investment Corporation
- China National Agricultural Investment Corporation
- China National Forestry Investment Corporation
Others financial institutions - Finance companies tend to be established by commercial conglomerates
- Leasing companies, first introduced in early 1980s
Insurance Company - 1979, The People’s Insurance Company of China (PICC), state-owned, monopolistic, offer insurance products
- Two subsidiaries (over 70% of market share):
- China Insurance Company
- Tai Ping Insurance Company
- Other: China Life Insurance
- 52 insurers in 2001 ( vs. one in 1980).
- Insurance assets: 400 billion yuan in 2001.
- Hard sell for life insurance in China; however, An insurance market premium income was US$15bn in 1998
China Insurance Regulatory Commission (CIRC), an industry watchdog, launched a clean-up campaign in 1998, had ended most violations of its rules by insurance agents and brokers. - China Insurance Regulatory Commission (CIRC), an industry watchdog, launched a clean-up campaign in 1998, had ended most violations of its rules by insurance agents and brokers.
- Sedgwick, the UK insurance brokerage, was forced to suspend operations for three months for "serious violations of China's insurance laws and regulations", while Jardine Insurance Brokers was ordered to close its Beijing representative office
- China will open more cities to foreign insurance companies and issue more licenses to overseas ventures.
- Currently, foreign companies are permitted to do business only in Shanghai and Guangzhou.
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