Opening the Middle Kingdom: China moves towards privatised reinsurance

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The liberalisation of China's reinsurance industry has reached a critical juncture. With the restructuring of state-owned incumbent China Reinsurance, the government's strategy to spur competition has hit an inflection point. Several international reinsurers have recently obtained key domestic operating licences and the government is promoting local firms. Though always fraught with uncertainty, China is presenting opportunities for overseas reinsurers.The successful privatisation of China's