CIRC facilitates fund investments
June 06, 2009 | BY
clpstaff &clp articlesHubert [email protected] Tai PRC AttorneysAlong with the release of five new provisions in March 2009, the China Insurance Regulatory Commission…
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Hubert Tse
Yuan Tai PRC Attorneys
Along with the release of five new provisions in March 2009, the China Insurance Regulatory Commission (CIRC) is aiming to further expand investment channels for insurance funds. This is by means of investment in stock, bonds, and infrastructure (through certain credit plans for infrastructure), as well as to increase the utilisation rate of insurance funds.
Among such new provisions, theCircular on Regulating Stock Investments of Insurance Institutions (关于规范保险机构股票投资业务的通知) (New Circular) regulates insurance companies on their investment in the domestic Chinese stock market.