Investment Policy News
- Govt. to adjust insurer stock-investment cap
Date: 20-Mar-2007 Sources: (Shenzhen Daily)
THE government will adjust the cap on insurance firms' investments in stocks from the current maximum of 5 percent of their assets, the Shanghai Securities News cited China Insurance Regulatory Commission Chairman Wu Dingfu as saying yesterday.
Wu didn't give a timetable, but said the change won't happen soon and individual insurance companies will be treated differently from each other when the cap is adjusted, according to the report, which gave no other details.
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