Date
24 April 2018

CIRC to raise investment cap on stocks, real estate, paper says

The China Insurance Regulatory Commission is planning to raise the cap on investment in equities and real estate to 30 percent of insurers’ assets, Beijing Business Today reported Thursday, citing a draft consultation document. At present, outstanding investment in equities by insurers cannot exceed 25 percent of their assets as of the end of the previous quarter. Chinese insurers have combined assets of nearly 8 trillion yuan (US$1.3 trillion). Raising the cap allows them to invest up to 400 billion yuan more in A shares alone, the report said.

– Contact HKEJ [email protected]

TL/AC/RA

 

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