China Supports Insurance Capital to Invest in Blue Chips

BEIJING, July 8, SinoCast — To optimize insurance capital allocation and bolster up development of capital market, the China Insurance Regulatory Commission relaxed limitation for insurance capital to invest in blue chips, lifting up upper limit from 5% to 10% total assets last quarter. Holding expansion can be kicked off in blue chips not higher than 40% total assets for attributable assets taking up 30%. Asset recognition will also be lifted up for insurance capital to invest in blue chips.