Insurers in China can now invest up to 30% of their assets in stocks and private equity after the China Insurance Regulatory Commission on Wednesday released new rules raising that share, Reuters reported. The move could boost the Chinese stock market. Insurers were allowed to invest 25% of their total assets under the previous rules. China’s insurance companies had assets of US$1.36 trillion at the end of 2013, official data shows. Invested funds totaled US$1.26 trillion, of which 29% was in bank deposits, 43% in bonds, and 10% in stocks and related securities.
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