Following the joint issuance of the Interim Measures for the Administration of Overseas Investment with Insurance Capital (the “Interim Measures”) by the China Insurance Regulatory Commission (the “CIRC”), the People's Bank of China and the State Administration of Foreign Exchange on June 28, 2007, the CIRC announced the Detailed Implementing Rules for the Interim Measures for the Administration of Overseas Investment with Insurance Capital (the “Implementing Rules”) on October 12, 2012. On the basis of the Interim Measures, the Implementing Rules, by means of specifying the qualification of the parties to, investment products, and investable countries and regions of overseas investments with insurance capital, urther broadens the methods for using insurance capital.