Economy

Markets

Industries

Insights

Reports

Events

CIRC to broaden the investment channels for insurers

By Hu Yuanyuan and Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-02-26 14:34

China will launch pilot program to allow selected insurance companies to invest in private equity funds and allow qualified small- and medium-sized insurance companies to invest in equities, Yuan Li, spokesman of the China Insurance Regulatory Commission (CIRC), said at a press conference on Thursday.

The insurance regulator will also increase the number of insurance companies allowed under a pilot program to invest in infrastructure projects and a wide categories of fixed income debt instruments, Yuan said.