The China Insurance Regulatory Commission (CIRC) issued more guidelines to insurance companies on investing in China's stock markets, state media reported. The guidelines stipulate that insurers cannot invest more than 5% of their assets earmarked for trading in any single company and cannot own more than 5% of a listed company's shares. Insurers are also required to report to the CIRC when they incur capital gains or losses exceeding certain thresholds.
Categories