25 September 2018

CIRC lifts insurers’ equity investments cap to 30%, paper says

The China Insurance Regulatory Commission (CIRC) said on Wednesday that it will allow insurers to park up to 30 percent of their total assets, valued as of the end of the most recent quarter, in equities, Shanghai Securities News reported Thursday. The firms can invest in stocks, stock funds, hybrid funds, private-equity funds and equities of private companies. Previously the permitted ratio was at 25 percent. Meanwhile, investment ratios on real estate, other financial assets and overseas investment have been capped at 30 percent, 25 percent and 15 percent respectively. Data showed Chinese insurers had combined investible funds of 7.68 trillion yuan (US$1.26 trillion) as of end-2013, up 12.15 percent from a year ago, the report said.

– Contact HKEJ [email protected]



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