中国首家！金融监管总局批复开业

Core Points - Prudential Insurance Asset Management Co., Ltd. has officially received approval from the Financial Regulatory Bureau to commence operations, marking a significant step in the opening of China's insurance asset management industry to foreign investment [1] - The establishment of Prudential Asset Management is the first wholly foreign-owned insurance asset management company initiated directly by an overseas financial institution in China, following the release of the new regulations for insurance asset management companies [1] - The company is registered in Beijing with a capital of $20 million, fully funded by Prudential Financial Group, which is one of the largest life insurance companies in the U.S. and a leading global asset management firm [1] Industry Insights - In recent years, China's financial sector has accelerated its pace of opening up, with foreign insurance companies' premium income increasing from 4% in 2013 to 9% currently, reflecting a growing integration into the global market [2] - The head of the Financial Regulatory Bureau emphasized the ongoing efforts to improve regulatory frameworks and management standards, aiming to eliminate restrictive measures in the banking and insurance sectors [2] - Future initiatives will focus on replicating successful experiences from free trade zones and ports to support foreign institutions in participating in more financial business pilot programs [2]