What are market access conditions for foreign-funded companies, branches and brokers?

Foreign insurers may establish foreign-funded companies or branches provided they have:

1. More than 30 years' experience in a WTO member state;
2. A net asset value of more than US$ 5 billion;
3. A representative office in China for two or more consecutive years.

The market access conditions for foreign-funded brokers is considerably lower concerning net assets. On the accession date, a net asset more than US$ 500 million is required to establish a foreign-funded brokerage in China. The requirement will be gradually reduced over a four-year period.