What happened to insurance funds investing in real estate?

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clpstaff &clp articles

The amended PRC Insurance Law and the Real Estate Investment Measures were supposed to open up China's property market. Almost two years later, investments have yet to materialise

The amended PRC Insurance Law (中华人民共和国保险法) came into effect in October 2009, opening the door for Chinese insurance companies to invest in real estate. A year later, the China Insurance Regulatory Commission (CIRC) released Tentative Measures for Investment in Immovables with Insurance Proceeds (保险资金投资不动产暂行办法).

The new Measures represented the first official attempt by the CIRC to provide detailed guidelines as to the procedures and requirements for Chinese insurance companies to expand their investment avenues into real estate. They were designed to modernise China's insurance industry.

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