Caixin
Jan 29, 2019 05:53 AM
FINANCE

Insurance Firms Tapped to Inject New Blood Into China’s Anemic Stocks

China Banking and Insurance Regulatory Commission steps up efforts to widen capital market access for insurance funds. Photo: VCG
China Banking and Insurance Regulatory Commission steps up efforts to widen capital market access for insurance funds. Photo: VCG

China is encouraging insurance companies to invest more of their $2.65 trillion of assets in securities as part of the government’s efforts to bolster liquidity and revitalize the gloomy capital markets.

The commission wants insurance institutions to use their long-term funds to invest in more high-quality stocks and bonds and expand their investment through specialized equity-investment products, Xiao Yuanqi, a spokesman for the China Banking and Insurance Regulatory Commission (CBIRC), told media Monday.

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