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Insurers to invest in stocks

(chinadaily.com.cn)
Updated: 2007-07-19 14:48

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The China Insurance Regulatory Commission (CIRC) is encouraging insurance companies to enter the stock market by permitting three insurance firms to invest.

The three new insurance firms are Huatai Life, Bohai Property Insurance Huanong, and Property Insurance, increasing the number of insurance companies eligible for stock market investment to five. The original two are Ming An Insurance and Sino Life Insurance.

Right now a few companies have begun developing portfolios, research investment tactics, and investment simulations. They also attach great importance to strengthening company internal management, risk management and trade management, in a bid to boost investment ability and reduce risks. 

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The full text is available in the July Issue ofChina Insurance.