Investment caps set for insurance groups

New rules to check cross-sector risk transfer, says regulator CIRC

BEIJING - The insurance regulator on Wednesday capped the investment limit for insurance groups and their subsidiaries in non-financial companies at 10 percent of their consolidated net assets, to prevent cross-sector risk transfer.

Insurance groups and their subsidiaries cannot invest more than 30 percent of their consolidated net assets in non-insurance financial companies, the regulator said.