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5 White Paper on the Business Environment in China
42 Mervyn Jacob, Raymond Yung and Peter Li. “Foreign Banks in 51 “Insurance in emerging markets: overview and prospects for
China 2011.” PricewaterhouseCoopers. June, 2011. http://www. Islamic insurance.” Swiss Re. Sigma No. 5. 2008. http://www.
pwccn.com/webmedia/doc/634442705425169010_fs_foreign_ swissre.com/pws/research%20publications/sigma%20ins.%20
banks_china_jun2011.pdf Accessed January 13, 2012. research/sigma_no_5_2008.html. Accessed February 6, 2009.
43 Mervyn Jacob., Raymond Yung, and Jimmy Leung. “Foreign 52 Song Jingli. “Foreign life insurers seek niche market share.”
Banks in China.” PricewaterhouseCoopers. May, 2010. http://
www.pwccn.com/webmedia/doc/634082194595490480_fs_ China Daily. April 8, 2011. http://www.chinadaily.com.cn/
foreign_banks_china_may2010.pdf. Accessed November 2,
2010. business/2011-04/08/content_12293264.htm. Accessed
44 Dinny McMahon. “Foreign Banks in China Rev Pro ts.” e November 27, 2011.
Wall Street Journal. September 26, 2012. http://online.wsj.com/
article/SB10000872396390444083304578017730089494090. 53 Zhan Hao. “ ink again before going to China” China
html. Accessed December 5, 2012. Law Vision. February 9, 2011. http://www.chinalawvision.
com/2011/02/articles/insurance-law-of-the-peoples-r/think-
45 “ e Total Assets of China’s Banking Sector Reached RMB 52.6 again-before-going-to-china/. Accessed November 27, 2011.
Trillion.” Business Wire. June 5, 2008. http://www.bloomberg.
com/apps/news?pid=conewsstory&refer=conews&tkr=601398: 54 Peter Whalley, Shu-Yen Liu, and Tom Ling. “Insurance: Foreign
CH&sid=aDLlrZS_Li.0. Accessed January 7, 2009. Insurance Company in China.” PriceWaterhouseCoopers.
September, 2009. http://www.pwchk.com/home/eng/foreign_
46 “China’s banking industry posts US$41 bln in pro ts in 2007.” insurance_cn_sep2009.html. Accessed January 8, 2009.
AsiaPulse News. January 18, 2008. http://www.accessmylibrary.
com/coms2/summary_0286-33722439_ITM. Accessed January 55 “Newly Amended Insurance Law in China.” China Law Insight.
7, 2009. April 15, 2009. http://www.chinalawinsight.com/2009/04/
articles/corporate/insurance/newly-amended-insurance-law-in-
47 “China Said to Mull Insurance Market Easing for Foreign china/. Accessed January 6, 2010.
Firms.” Bloomberg. August 5, 2010. http://www.bloomberg.
com/news/2010-08-04/china-said-to-consider-opening- 56 Tracy Zhang and Fenglin Qin. “China Insurance Regulatory
auto-insurance-market-to-foreign-companies.html. Accessed Commission issues new Administrative Provisions on
November 4, 2010. Reinsurance Businesses” KPMG July, 2010. http://www.
kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/
48“Foreign Banks Are Optimistic on China Reform, Ernst & Newsletters/ChinaAlerts/Documents/china-alert-1007-09.pdf.
Young Says.” BloombergBusinessweek. January 6, 2014. http:// Accessed November 4, 2010.
www.businessweek.com/news/2014-01-06/foreign-banks-are-
optimistic-on-china-reform-ernst-and-young-says.Accessed 57 Yan Jie. “Leading insurers guilty of 3 billion yuan fraud.” China
January 31, 2014. Daily. February 1, 2011. http://europe.chinadaily.com.cn/
china/2011-02/01/content_11952585.htm. Accessed February
49 “China: Financial Services: Banking, Insurance & Securities.” 7, 2011.
U.S. Foreign Commercial Service. 2001–2009. http://www.
buyusa.gov/china/en/ nancial_services.html. Accessed January 58 Elzio Barreto and Denny omas. “AIG, PICC Group ink joint
7, 2009. venture to sell life insurance in China.” Reuters. November 22,
2012. http://www.reuters.com/article/2012/11/22/us-aig-picc-
50 “World insurance in 2007: emerging markets leading the way.” idUSBRE8AL02220121122. Accessed December 6, 2012.
Swiss Re. Sigma No. 3. 2008. http://www.swissre.com/pws/
research%20publications/sigma%20ins.%20research/sigma_ 59 Vivian Ni. “China to Further Open Auto Insurance Market to
no_3_2008_rev.html. Accessed February 6, 2009. Foreign Investors.” China Brie ng. February 20, 2012. http://
www.china-briefing.com/news/2012/02/20/china-to-further-
open-auto-insurance-market-to-foreign-investors.html. Accessed
December 6, 2012.
228
42 Mervyn Jacob, Raymond Yung and Peter Li. “Foreign Banks in 51 “Insurance in emerging markets: overview and prospects for
China 2011.” PricewaterhouseCoopers. June, 2011. http://www. Islamic insurance.” Swiss Re. Sigma No. 5. 2008. http://www.
pwccn.com/webmedia/doc/634442705425169010_fs_foreign_ swissre.com/pws/research%20publications/sigma%20ins.%20
banks_china_jun2011.pdf Accessed January 13, 2012. research/sigma_no_5_2008.html. Accessed February 6, 2009.
43 Mervyn Jacob., Raymond Yung, and Jimmy Leung. “Foreign 52 Song Jingli. “Foreign life insurers seek niche market share.”
Banks in China.” PricewaterhouseCoopers. May, 2010. http://
www.pwccn.com/webmedia/doc/634082194595490480_fs_ China Daily. April 8, 2011. http://www.chinadaily.com.cn/
foreign_banks_china_may2010.pdf. Accessed November 2,
2010. business/2011-04/08/content_12293264.htm. Accessed
44 Dinny McMahon. “Foreign Banks in China Rev Pro ts.” e November 27, 2011.
Wall Street Journal. September 26, 2012. http://online.wsj.com/
article/SB10000872396390444083304578017730089494090. 53 Zhan Hao. “ ink again before going to China” China
html. Accessed December 5, 2012. Law Vision. February 9, 2011. http://www.chinalawvision.
com/2011/02/articles/insurance-law-of-the-peoples-r/think-
45 “ e Total Assets of China’s Banking Sector Reached RMB 52.6 again-before-going-to-china/. Accessed November 27, 2011.
Trillion.” Business Wire. June 5, 2008. http://www.bloomberg.
com/apps/news?pid=conewsstory&refer=conews&tkr=601398: 54 Peter Whalley, Shu-Yen Liu, and Tom Ling. “Insurance: Foreign
CH&sid=aDLlrZS_Li.0. Accessed January 7, 2009. Insurance Company in China.” PriceWaterhouseCoopers.
September, 2009. http://www.pwchk.com/home/eng/foreign_
46 “China’s banking industry posts US$41 bln in pro ts in 2007.” insurance_cn_sep2009.html. Accessed January 8, 2009.
AsiaPulse News. January 18, 2008. http://www.accessmylibrary.
com/coms2/summary_0286-33722439_ITM. Accessed January 55 “Newly Amended Insurance Law in China.” China Law Insight.
7, 2009. April 15, 2009. http://www.chinalawinsight.com/2009/04/
articles/corporate/insurance/newly-amended-insurance-law-in-
47 “China Said to Mull Insurance Market Easing for Foreign china/. Accessed January 6, 2010.
Firms.” Bloomberg. August 5, 2010. http://www.bloomberg.
com/news/2010-08-04/china-said-to-consider-opening- 56 Tracy Zhang and Fenglin Qin. “China Insurance Regulatory
auto-insurance-market-to-foreign-companies.html. Accessed Commission issues new Administrative Provisions on
November 4, 2010. Reinsurance Businesses” KPMG July, 2010. http://www.
kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/
48“Foreign Banks Are Optimistic on China Reform, Ernst & Newsletters/ChinaAlerts/Documents/china-alert-1007-09.pdf.
Young Says.” BloombergBusinessweek. January 6, 2014. http:// Accessed November 4, 2010.
www.businessweek.com/news/2014-01-06/foreign-banks-are-
optimistic-on-china-reform-ernst-and-young-says.Accessed 57 Yan Jie. “Leading insurers guilty of 3 billion yuan fraud.” China
January 31, 2014. Daily. February 1, 2011. http://europe.chinadaily.com.cn/
china/2011-02/01/content_11952585.htm. Accessed February
49 “China: Financial Services: Banking, Insurance & Securities.” 7, 2011.
U.S. Foreign Commercial Service. 2001–2009. http://www.
buyusa.gov/china/en/ nancial_services.html. Accessed January 58 Elzio Barreto and Denny omas. “AIG, PICC Group ink joint
7, 2009. venture to sell life insurance in China.” Reuters. November 22,
2012. http://www.reuters.com/article/2012/11/22/us-aig-picc-
50 “World insurance in 2007: emerging markets leading the way.” idUSBRE8AL02220121122. Accessed December 6, 2012.
Swiss Re. Sigma No. 3. 2008. http://www.swissre.com/pws/
research%20publications/sigma%20ins.%20research/sigma_ 59 Vivian Ni. “China to Further Open Auto Insurance Market to
no_3_2008_rev.html. Accessed February 6, 2009. Foreign Investors.” China Brie ng. February 20, 2012. http://
www.china-briefing.com/news/2012/02/20/china-to-further-
open-auto-insurance-market-to-foreign-investors.html. Accessed
December 6, 2012.
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