USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

Insurance funds allowed in Shenzhen-HK stock connect

Xinhua | Updated: 2017-07-01 09:43

BEIJING - Insurance authorities have allowed Chinese mainland insurance companies to invest in Hong Kong shares via the Shenzhen-Hong Kong Stock Connect.

Insurers are permitted to use their securities investment funds - which are controlled by qualified fund managers - to buy Hong Kong stocks, the China Insurance Regulatory Commission (CIRC) said in an online statement.

The new access to the Hong Kong market will help them improve asset structures, minimize risk and increase returns, the CIRC said.

The stock connect was launched in December 2016 for investors to trade selected stocks on each other's exchanges. A similar stock connect between Shanghai and Hong Kong bourses was opened in November 2014.

Trading links between Hong Kong and the two cities on the mainland were also significant steps enabling foreign investors to buy A-shares with fewer restrictions than previous regimes.

A connection of the mainland and Hong Kong bond markets is in the pipeline.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US