Date
20 August 2017

Insurers can invest in Growth Enterprise Board, paper says

China will allow insurance funds to invest in stocks on the Growth Enterprise Board, Shanghai Securities News reported Wednesday, citing the China Insurance Regulatory Commission. The new policy will help insurers with their asset allocation but they will be looking mainly at initial public offering subscriptions rather than investing in such stocks, several insurance companies were quoted as saying. More than half of 83 listing applications pending approval are for the Growth Enterprise Board, industry sources said.

– Contact HKEJ at [email protected]

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