中国人民银行关于外资保险分公司营运资金的规定
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银发[1998]337号 YinFa [1998] No.337 July 21, 1998 Branches in Shanghai, Guangdong, Hainan, Shenzhen economic zone of the People's Bank of China: In order to ensure the normal operation and reduce the risk of operation for the branches of foreign insurance enterprises in our country, according to the Insurance Law of the People's Republic of China, now the regulation about the working capital of the branch office of foreign-capital insurance corporations is made as follows: I. The branch offices of the foreign insurance enterprises should be appropriated working capital of no less than 0.1billion RMB or the equivalence convertible currency by their headquarters. The branch offices of the foreign insurance enterprises should withdraw the guaranteed security by 40% of their working capital. II. The branch offices of the foreign insurance enterprises set up with approval previously of which the guaranteed security cannot meet the provisions should make up the balance by the end of 1998. |
