|
BIZCHINA> Top Biz News
![]() |
|
Related
Insurers hold 350b yuan in capital markets
By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2008-12-17 13:49 China's insurance companies held 349.9 billion yuan ($51.09 billion) of stock shares and funds over the first 10 months of the year, the industry regulatory spokesman said Wednesday. "By the end of October, insurance companies invested 60 percent of their capital in bonds and 25 percent in bank deposits," said Yuan Li, spokesman of the China Insurance Regulatory Commission (CIRC). Wu Dingfu, chairman of the CIRC, said on Saturday that China's insurance companies have great potential to increase their investment in the capital market. Chinese insurers are allowed to invest up to 15 percent of their total assets in the capital market, but currently the proportion is only 8 percent, Wu said at the Caijing annual conference. In recent years, the regulator has been striving to expand investment channels for insurers to boost their investment returns. Currently, the CIRC is working on plans to allow insurers to make equity investments into unlisted companies. (For more biz stories, please visit Industries)
|
建宁县| 陈巴尔虎旗| 镇平县| 岳阳市| 来宾市| 孟津县| 铜山县| 黄大仙区| 特克斯县| 安多县| 辉县市| 巴里| 裕民县| 江安县| 宁海县| 股票| 临沧市| 松溪县| 曲麻莱县| 桂东县| 襄汾县| 中江县| 正镶白旗| 砚山县| 长岭县| 富民县| 岢岚县| 新田县| 镇巴县| 方正县| 祁东县| 民丰县| 靖宇县| 赤壁市| 乃东县| 高碑店市| 南漳县| 盐津县| 朝阳区| 修武县| 荣昌县|