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Insurance investment

Chinese insurers will be allowed to invest in the listed and unlisted equity of domestic banks, in the latest move to expand insurance companies' investment channels, the China Insurance Regulatory Commission (CIRC) said last week.

Chairman Wu Dingfu said relevant policies have been approved by the State Council and will be released soon.

The move, together with a package of policies recently put into effect by the CIRC, follows a trend of strengthened co-operation among the country's insurance, banking and securities sectors.

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