Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Asia & Pacific




Public Administration News  
Share
China Issues Rules on How Insurers May Invest Assets
Source: Xinhua
Source Date: Thursday, August 05, 2010
Focus: Public Administration Schools, Thematic Website, Institution and HR Management
Country: China
Created: Aug 09, 2010

China's insurance regulator issued detailed rules on Thursday governing how insurers invest their profits, which reiterated the ban on direct investment in property development and specified the ratio of funds that insurers could invest in new sectors such as unlisted companies.

Insurance companies will not be allowed to invest more than 10 percent of their assets, as of the latest quarter, in the property market, according to the Provisional Measures on Insurance Capital Uses posted on the website of the China Insurance Regulatory Commission.

Further, insurance companies will be allowed to invest up to 20 percent of their assets in the stock market and up to 5 percent in purchasing stakes in unlisted companies.

They are permitted to invest up to 20 percent of their assets in unsecured corporate bonds and debts of non-financial enterprises and up to 5 percent in debt related to infrastructure projects.

The regulator also announced restrictions on insurers' investment in derivatives and asked insurers to strengthen risk controls.

The new rules will take effect on Aug. 31, 2010.
News Home

 Tag This
 Tell A Friend
 Favorite
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 217

Comments: 0 Favorited: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network