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China Insurance Regulatory Commission raises cap on equity investments

The new rules raise the share of assets that insurers can add to equity investments

February 20, 2014 8:56 IST | India Infoline News Service
The China Insurance Regulatory Commission (CIRC) has released the new rules late on Wednesday, raising the maximum share of total assets that insurers can invest in stocks and private equity to 30 percent, up from 25 percent under previous rules.

The new rules raise the share of assets that insurers can add to equity investments, in order to provide a potential boost to the Chinese stock market.

China's insurance companies had assets of 8.289 trillion yuan ($1.36 trillion) at the end of 2013, official data shows.

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