China's financial regulator said it will support eligible financial institutions to establish in Shanghai and approved two insurance asset managers, Youbang Insurance Asset Management Co. and Hequan Insurance Asset Management Co. It will also support deeper foreign participation, allowing eligible foreign banks to apply to pilot Treasury futures and other financial businesses to improve the onshore business environment.

2026-06-17

China's financial regulator said it will support eligible financial institutions to establish in Shanghai and approved two insurance asset managers, Youbang Insurance Asset Management Co. and Hequan Insurance Asset Management Co. It will also support deeper foreign participation, allowing eligible foreign banks to apply to pilot Treasury futures and other financial businesses to improve the onshore business environment.