China lets insurers buy more corporate debt
Published: 22 Oct 2009 01:34:31 PSTBEIJING, Oct 22 - Chinese insurers will be allowed to invest 40 percent of their assets in corporate debt, up from 30 percent now, according to the China Insurance Regulatory Commission.
A directive from the agency, dated Sept. 22 but published on Thursday, said the move aimed to improve insurer asset allocation and spread risks.
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