January 5, 2018 / 4:18 AM / 5 months ago

China tightens rules on insurers' private equity investment schemes

BEIJING/SHANGHAI, Jan 5 (Reuters) - China’s insurance regulator issued a notice on Friday banning insurers’ asset management arms from using private equity investment schemes as a channel to increase local government debts.

Such schemes must not offer fixed returns to investors, and must not be used as a passive investment channel designed to skirt regulation, the regulator said. (Reporting by Beijing Newsroom, Samuel Shen and John Ruwitch; Editing by Sam Holmes)

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