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
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
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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
