Karamay captive domicile overview
2025-10-31
The starting point of mainland China's captive pilot, established for the CNPC group; captives in mainland China are supervised as ordinary property insurers pending dedicated captive legislation.
| Active captives | 1 (CNPC Captive Property Insurance Co., Ltd., est. December 2013 - the first captive insurer in mainland China) |
| Premium volume | Insurance revenue approx. RMB 1.526 billion (2024); earned premium approx. RMB 1.546 billion (2025) |
| Minimum capital | No captive-specific threshold; general insurer minimum paid-in registered capital RMB 200 million (CNPC Captive: RMB 6 billion) |
| Tax treatment | No captive-specific incentives; standard 25% corporate income tax applies |
| Regulator | National Financial Regulatory Administration (NFRA) |
Data updated October 2026, compiled from regulator statistics and industry sources (Captive Review, Business Insurance, etc.). Figures refer to the most recent available year; please refer to regulator disclosures for the latest data.