Is there any risk in the registration of China bancassurance letter?

China bancassurance letter registration is risky.

According to the regulations of China Banking and Insurance Regulatory Commission, banks, insurance companies or trust companies registered in China need to go through a series of examination and supervision procedures. Despite the supervision of regulatory agencies, there are still some risks in the registration process. For example, during the registration process, there may be problems such as delayed approval, insufficient funds and changes in laws and regulations, which may lead to the failure or delay of registration. Moreover, registered banks, insurance companies or trust companies also need to face challenges such as market competition and operational risks. Therefore, there are certain risks in the registration of China bancassurance letter.