April 12th, the Ministry of Finance and other five departments issued a circular on the development of personal tax deferred commercial endowment insurance notice.

According to the notice, since May 1, 2018, the implementation of personal tax deferred commercial endowment insurance will be on trial in Shanghai, Fujian province (including Xiamen City) and Suzhou Industrial Park.

The experimental period is tentatively one year.

Source: Finance Ministry  2018-04-12