1. International

  2. News
  3. News

China Insurance Regulatory Commission raises cap on equity investments

India Infoline News Service | Mumbai |

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

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.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.