China's insurance regulator has revised rules to make it easier for insurance companies to invest in infrastructure projects in a bid to support a slow economy and create investment opportunities in an environment of low returns.
Insurers will no longer need to obtain regulatory approval to invest in infrastructure, and their scope of investment will also be expanded, the China Insurance Regulatory Commission (CIRC) said on its website on Sunday.
The CIRC said that since 2006, insurers have invested a total 893.83 billion yuan (US$134.32 billion) into infrastructure projects, but rules needed to be revised to reflect changes on the ground.
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Insurers will no longer need to obtain regulatory approval to invest in infrastructure, and their scope of investment will also be expanded, the China Insurance Regulatory Commission (CIRC) said on its website on Sunday.
The CIRC said that since 2006, insurers have invested a total 893.83 billion yuan (US$134.32 billion) into infrastructure projects, but rules needed to be revised to reflect changes on the ground.
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