Please ask the English master to help translate it, I am very grateful

In the retail business service industry, foreign investment entered China early; The opening up of the insurance industry will allow for a gradual increase in the entry of foreign companies into China. At the end of 2004, China's insurance industry opened up the statutory insurance business of all regions and all enterprises, except for some foreign investment. In 2005, this year was the first Chinese insurance industry to implement comprehensive reform and opening up, and the market share of foreign insurance companies increased to nearly 7%.

Statistics show that the China Insurance Regulatory Commission (hereinafter referred to as the China Insurance Regulatory Commission) and the gradual opening of the insurance market in 2005: three foreign insurance companies were allowed to enter the Chinese market, and 25 foreign insurance institutions were in China. Over time, foreign insurance companies increased from 14 to 40 years old in 2005 in 2000.

A total of 27 insurance companies from 46 listed in the Fortune 500 of the world have established their institutions.

Since December 6, 2005, China's opening up to the outside world has further expanded its banking sector. The management of the renminbi business of foreign financial institutions continued to Shantou and Ningbo, while five other cities, Harbin, Changchun, Lanzhou, Yinchuan Plain and Nanning, were opened. The latest statistics show that the rapid development of foreign banks' business in China in recent years has seen an annual growth rate of more than 30 percent in assets, deposits and loans.

Retail commerce is the entry into China through foreign investment in these service sectors, and in the early days; The opening up of the insurance industry has enabled foreign companies to enter China gradually. By the end of 2004, China's insurance industry had opened up foreign investment in a number of enterprises other than the statutory insurance in all fields and for all enterprises. 2005 was the first year that China's insurance industry was fully opened up to the outside world, and the market share seized increased from foreign insurance companies to nearly 7% in this year.

Statistics show that the China Insurance Regulatory Commission (CIRC) opened up the domestic insurance market step by step in 2005: 3 foreign insurance companies were allowed to enter the Chinese market, and 25 foreign insurance institutions were established in China. As far as the current situation is concerned, the number of foreign insurance companies in some countries has increased from 14 in 2000 to 40 years.

A total of 27 of 46 insurance companies listed in the world to the Fortune 500 have established their own institutions in China.

Since December 6, 2005, China has further opened up its banking sector. Foreign financial institutions have expanded their management of RMB business to Shantou and Ningbo, while the other five cities of Harbin, Changchun, Lanzhou, Yinchuan and Nanning have opened up ahead of schedule. The latest statistics show that foreign banks in China are growing very rapidly, in recent years, and their annual growth rates in assets, deposits and loans are more than 30%.