BIZCHINA / Weekly Roundup

System to deal with nuclear accidents
(China Daily)
Updated: 2006-07-03 11:01

Foreign debt

Although growth has slowed down, China's foreign debt continued to increase in the first quarter of this year.

Statistics from the State Administration of Foreign Exchange showed last Tuesday that China's outstanding foreign debt had reached US$287.9 billion by the end of March, up 2.44 per cent from the end of 2005.

That compared to annualized foreign debt growth of 13.6 per cent by the end of 2005.

Insurance guidelines

China's insurance companies have been encouraged to strengthen co-operation with banks and securities companies under new guidelines issued by the country's cabinet last week.

These relationships could pave the way for cross-sector management in the financial sector in the near future, analysts said.

More insurance firms would be allowed to directly invest in the capital market and the investment proportion to their total assets would be further increased, according to the guidelines.


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