New rules for insurers soon

The insurance regulator will soon launch updated rules on insurers' overseas investments, as part of efforts to boost insurers' investment returns and spread risks.

"We are now working on the detailed rules and plan to make them public very soon," said Yuan Li, spokesman of the China Insurance Regulatory Commission (CIRC), yesterday.

The State Council, or China's Cabinet, approved insurance companies' plan to invest their own foreign reserves overseas in 2004 and allowed them to buy foreign reserves for overseas investments in 2006.