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Can the social security bought in Guangzhou be moved back to my hometown?
Legal basis: Civil Code of People's Republic of China (PRC).
Article 3 Foreign insurance companies and companies and enterprises in China shall jointly establish joint venture insurance companies (hereinafter referred to as joint venture life insurance companies) in China, in which the proportion of foreign capital shall not exceed 50% of the total share capital of the company.
Foreign insurance companies directly or indirectly hold shares in joint venture life insurance companies, and shall not exceed the proportion limit stipulated in the preceding paragraph.
Article 4 If the registered capital or working capital of a foreign-funded insurance company established in China before the Regulations come into effect is less than 200 million yuan or its equivalent in a freely convertible currency, it shall be paid in full within 2 years after these Rules come into effect; If the registered capital or working capital is not paid in full, China CIRC will not approve its new business application.
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