Management: Capital Flows and Insurance Companies

management: They also allow them to set up and invest in pension management companies, according to Global Times China. Investment restrictions of overseas personal insurance companies will be completely scrapped in 2020. The 11 new measures encourage overseas financial institutions to participate in the establishment of, and invest in, asset management subsidiaries of commercial banks. Those measures serve as a milestone, marking a new stage of China's financial opening-up. One opens financial institutions and the other frees up capital flows in and out. The financial opening-up has two aspects. (news.financializer.com). As reported in the news.