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Overseas Investments in Private Equity and Real Estate by Chinese Insurance Companies

December 08, 2012

By SEAN TAI, LU YI, & STANCY QIAN

On October 12, 2012, the China Insurance Regulatory Commission (CIRC) promulgated rules that allow Chinese insurance companies to make overseas investments (the Implementing Rules). For the first time, the CIRC provided detailed guidelines and removed significant uncertainties on overseas investments by Chinese insurance companies in private equity funds (including fund of funds), private companies, real estate and real estate investment trusts (REITs) in 45 designated countries and regions (the Designated Jurisdictions). Other asset classes open to investment by Chinese insurance companies include money market products, fixed income products, equities and securities investment funds.