System to deal with nuclear accidents
(China Daily)
Updated: 2006-07-03 11:01 Foreign debt
Although growth has slowed down, China's foreign debt
continued to increase in the first quarter of this year.
Statistics from
the State Administration of Foreign Exchange showed last Tuesday that China's
outstanding foreign debt had reached US$287.9 billion by the end of March, up
2.44 per cent from the end of 2005.
That compared to annualized foreign
debt growth of 13.6 per cent by the end of 2005.
Insurance
guidelines
China's insurance companies have been encouraged to strengthen
co-operation with banks and securities companies under new guidelines issued by
the country's cabinet last week.
These relationships could pave the way
for cross-sector management in the financial sector in the near future, analysts
said.
More insurance firms would be allowed to directly invest in the
capital market and the investment proportion to their total assets would be
further increased, according to the guidelines.
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