China insurers allowed to invest in Hong Kong bonds
The China Insurance Regulatory Commission has expanded insurance companies' investment capabilities in a number of areas.
Having fully reviewed the Rmb3.2 trillion Chinese insurance industry's less than wholesome performance in the year of a global financial crisis in 2008, the China Insurance Regulatory Commission (CIRC) has formally issued a set of new measures aimed at boosting investment returns and enhancing internal risk management mechanisms.
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