Rules broaden insurers' investment channels

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2007-06-08 11:09

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Chinese insurance companies will soon be allowed to invest in the money market and fixed-return products, stocks, options, mutual funds and derivatives, according to a new draft regulation released earlier this month by the China Insurance Regulatory Commission (CIRC).

The draft rules are designed to broaden insurers' investment channels and help boost investment returns, said Tuo Guozhu, a professor specializing in insurance at Capital University of Economics and Business.

The launch of the regulation is also part of the government's efforts to "deregulate the sector step by step," said Sun Jianyong, director of the insurance fund management regulatory department of the CIRC, at a derivates forum in Beijing.

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The full text is available in the June Issue of China Insurance.


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