China revises rules for insurance funds investing in financial products

The China Banking and Insurance Regulatory Commission (CBIRC) said in a statement that the new rules also tighten regulatory requirements.

The move comes as China launched its first private pension scheme last month, tackles economic challenges from an aging population and seeks to funnel more long-term money into the stock market. .

The new rules are conducive to diversifying insurance asset allocation and supporting long-term money in the capital market, CBIRC said.

CBIRC adds that it will improve the regulatory scheme and guide insurance funds to reap the benefits of long-term investment to serve high-quality economic development.

Leave a Comment