Industrial firms see insurance premiums as cheap capital flows

Chinese listed companies are chasing insurance licenses, hoping to gain low-cost capital amid the economic slowdown.

At least 51 companies listed in Shanghai and Shenzhen markets have filed such applications to issue insurance as of Sept 27, according to Chinese media estimates based on their public filings to the stock exchanges.

Software and telecommunications firms and real estate companies are among the most active players venturing into the insurance sector, according to public information.