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China real estate legal update

Overview

For the first time Chinese legislation has opened the door to the real estate investment market to Chinese insurance companies. The new Chinese Insurance Law (which became effective on 1 October 2009) allows Chinese insurance companies to invest in real estate. The global insurance industry has been captivated by the possibilities arising from the new legal framework. However, the necessary implementation regulations (to be drafted by the China Insurance Regulatory Commission) are not in place yet.

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Tags: Real Estate.

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