SHANGHAI Feb 20 China's insurance regulator has
released new rules raising the share of assets that insurers can
devote to equity investments, providing a potential boost to the
Chinese stock market.
The China Insurance Regulatory Commission (CIRC) released
the new rules late on Wednesday, raising the maximum share of
total assets that insurers can invest in stocks and private
equity to 30 percent, up from 25 percent under previous rules.
China's insurance companies had assets of 8.289 trillion
yuan ($1.36 trillion) at the end of 2013, official data shows.
Invested funds totaled 7.687 trillion yuan, of which 29
percent was in bank deposits, 43 percent in bonds, and 10
percent in stocks and related securities.
($1 = 6.0764 Chinese yuan)
(Reporting by Gabriel Wildau; Editing by Paul Tait)