Chinese insurers invested 1.89 trillion yuan (US$275 billion), or 12 per cent of their total assets, in mutual funds and stocks in November, according to CIRC’s data. Photo: Reuters Chinese insurers invested 1.89 trillion yuan (US$275 billion), or 12 per cent of their total assets, in mutual funds and stocks in November, according to CIRC’s data. Photo: Reuters
Chinese insurers invested 1.89 trillion yuan (US$275 billion), or 12 per cent of their total assets, in mutual funds and stocks in November, according to CIRC’s data. Photo: Reuters
Regulation
Business /  Banking & Finance

China’s regulator slams brakes on insurers’ stock investments

Insurers need CIRC’s approval for any investment exceeding 5 per cent of a listed company’s holdings

Topic |   Regulation
Xie Yu
Xie Yu

Updated: 8:46pm, 20 Jul, 2018

Why you can trust SCMP
Chinese insurers invested 1.89 trillion yuan (US$275 billion), or 12 per cent of their total assets, in mutual funds and stocks in November, according to CIRC’s data. Photo: Reuters Chinese insurers invested 1.89 trillion yuan (US$275 billion), or 12 per cent of their total assets, in mutual funds and stocks in November, according to CIRC’s data. Photo: Reuters
Chinese insurers invested 1.89 trillion yuan (US$275 billion), or 12 per cent of their total assets, in mutual funds and stocks in November, according to CIRC’s data. Photo: Reuters
READ FULL ARTICLE