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China

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Source: MOFTEC, P.R.C.

Date: 05/JAN/2001

China Raises Quotations on Insurers' Investments in Securities

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The China Insurance Regulatory Commission recently gave the approval of eight insurance companies to raise their investment in securities investment funds.

Ping An, Taikang Life, Hua'an Property and Axa-Minmetals Assurance have been given permits to invest up to 15 percent of their assets in securities investment funds, compared to the former 10 percent.

Chinese insurers were given the green light to invest in securities investment funds in October 1999. The ceiling was at 5 percent of their assets in October 1999.

 





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