Stock Market Access Paves the Way for New Utilization of Insurance Funds

Allows insurance companies and insurance asset management companies to directly purchase and trade renminbi-denominated common stock, and to directly purchase convertible corporate bonds and other specified investment product.

13 minute readNovember 30, 2004 at 11:58 PM

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By Dr. Xu Guojian, Partner and Lu Guoming' & Pek-Siang Tee, Legal Assistants, Boss & Young, Attorneys at Law, Shanghai

After more than 20 years of rapid development, with an annual average rate of growth of 30%, China's insurance industry had accumulated total assets of more than Rmb1.1 trillion by the end of July 2004.

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