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Insurance was one of industries that were opened very first after China?s accession to the WTO in 2001.During 2002 to 2005,there was a peak of the foreign insurers? entry,with the rapid growth of their market share.However,in recent years,the foreign insurers found themselves not able to grow as fast as they have expected,which was described as their ?Seven Year Itch? in China.Several cases of equity transactions have taken place in 2009-2010,mainly involved with the foreign insurers reducing their shareholdings.This was regarded as the sign of foreign insurers changing their strategies in Chinese market.