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Date: 05/JAN/2001
China Raises Quotations on Insurers' Investments in
Securities
********************************************************************************************
| The China Insurance Regulatory Commission
recently gave the approval of eight insurance companies to raise their investment in
securities investment funds. Ping An, Taikang Life, Hua'an Property and
Axa-Minmetals Assurance have been given permits to invest up to 15 percent of their assets
in securities investment funds, compared to the former 10 percent.
Chinese insurers were given the green light to invest in securities investment
funds in October 1999. The ceiling was at 5 percent of their assets in October 1999. |
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