China to relax overseas investment rules for insurance funds - regulator
[BEIJING] China will relax overseas investment rules for domestic insurance funds to allow them to invest beyond Hong Kong, the top industry regulator said on Tuesday.
Insurance funds will also be allowed to buy bonds with credit rating of BBB- and above, compared to BBB previously, according to a statement on the China Insurance Regulatory Commission's website.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself