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Article: Insurers may be given more freedom to invest in Chinese stock markets
- Article from:
- Xinhua News Agency
- Article date:
- February 8, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Insurers may be given more freedom to invest in Chinese stock
markets
BEIJING, Feb. 8 (Xinhua) -- Some restrictions on investments by
insurers in China's equity markets may be scrapped, sources with
industry regulators said on Thursday.
The insurance regulatory authorities are mulling over the issue.
Two bans on investment in stocks will probably be lifted. One is
the rule that prevents any insurer buying stock that has risen by 100
percent or more in the past year. The other is that their stock
investment may not exceed five percent of their assets.
According to a senior official with the regulatory authorities, an
adjustment of the investment limit is inevitable. But the ...