China Insurance Regulatory Commission sets 25% as the upper limit for foreign insurance firms' investment, stock buying and equity participation in Chinese insurance companies.

This was disclosed earlier by an official of the commission.

The official added that a single foreign shareholder's equity participation shall not top 5% in a Chinese insurance company.

Currently only Morgan-Stanley and Goldman Sachs from the U.S. among foreign businesses each holds 7% stock right in the Pin'an Insurance Company.

The upper limit for a single Chinese business' investment in insurance is set at 10% and no individual is allowed to invest in insurance as yet. In addition, no armed unit, institutions, political parties, banks, and security companies are permitted to invest in insurance companies.

The official also said that at present at least 4 Chinese insurance companies including the Pacific, Pin'an, Tianbao and Dazhong are s

seeking financing by way of listing in China.