Date
23 October 2017

Some insurance funds can be invested in blue-chips, CSRC says

Insurance funds raised from long-term policies that were inked before 1999 and which bear high assumed interest rate will be allowed to be invested in blue-chip stocks under a pilot scheme, the China Securities and Regulatory Commission said on its microblog Wednesday. Blue-chips have been defined as companies that have good business performance and can provide stable and high cash dividends. The pilot program will create new allocation channels for long-term insurance funds, and also help to stabilize the capital market, the regulator said.

– Contact HKEJ at [email protected]

MY/JP/RC

 

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