China is revising rules for insurance funds investing in financial products

The China Banking and Insurance Regulatory Commission (CBIRC) said in a statement that the new regulations complied with regulatory requirements.

The decision comes as China launches its first private pension scheme last month, tackling aging economic challenges and seeks to channel more long-term money into the stock market. .

The new regulations are conducive to diversifying the allocation of insurance assets and supporting long-term money in the capital march, he told CBIRC.

CBIRC adds that it will improve the regulatory framework and guide insurance funds to reap the benefits of long-term investment to serve high-quality economic development.

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