1. Text: | Print|

      Insurance investment rules released

      2014-12-16 10:58 Global Times Web Editor: Qin Dexing
      1

      Will allow more capital to be used to aid small firms

      China Insurance Regulatory Commission (CIRC) said Monday that it had issued a notice governing insurers' investment practices in venture capital funds, unlocking an additional 200 billion yuan ($32.3 billion) worth of insurance capital for high-tech and small and micro-sized enterprises.

      The notice is aimed at implementing a guideline issued by the State Council, China's cabinet, to speed up the development of modern insurance services, CIRC said in a statement on its website on Monday.

      The State Council issued a set of new regulations on August 13 with the aim of channeling more capital flows from the insurance sector to strategic emerging industries.

      Insurers are required to invest only in emerging industries, small and micro-sized enterprises as well as key high-tech enterprises that fall within the range of the central government's industry support policies, read the statement.

      The statement posted on Monday requires insurers to invest no more than 2 percent of their total assets into venture capital funds, and purchase no more than 20 percent of the issuing scale of a given fund.

      In the meantime, the notice requires corresponding funds to invest no more than 10 percent of its issuing scale when investing in a single start-up company.

      Huang Jianzhong, a finance professor at Shanghai Normal University, said such an arrangement could help safeguard the safety of premiums.

      "The venture capital, with a diversified portfolio, has a relatively lower risk compared with other forms of high-risk, high-return investments such as investing in stocks of start-ups," Huang told the Global Times Monday.

      To date, Chinese insurers have already channeled as much as 50 billion yuan to small, medium and micro-sized enterprises via share purchase, equity investment, and project assets support schemes, CIRC said on its website Monday.

      Based on the scale of the Chinese insurance sector at the end of October, the move could indirectly free some 200 billion yuan insurance capital for China's cash-hungry small companies, the statement said.

      CIRC said insurers could further explore the platform offered by the venture capital fund to provide extra capital to small and micro-sized enterprises to ensure their sound development.

      In the first 10 months of 2014, China's total insurance premiums rose by 18.25 percent from a year earlier to 1.73 trillion yuan, the latest official statistics showed.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲白色白色在线播放| 本免费AV无码专区一区| 亚洲永久在线观看| 亚洲狠狠狠一区二区三区| 亚洲黄色片免费看| 亚洲综合一区二区| 亚洲另类精品xxxx人妖| 亚洲制服丝袜第一页| 亚洲国产日韩综合久久精品| 亚洲精品人成网在线播放影院| 亚洲AV无码国产精品色| 国产亚洲中文日本不卡二区| 亚洲性色精品一区二区在线| 亚洲日产乱码一二三区别| 色欲aⅴ亚洲情无码AV蜜桃| 一区二区三区免费在线视频 | 亚洲激情视频在线观看| 国产亚洲一区二区精品| 久久亚洲AV成人无码电影| 亚洲国产精品专区| 亚洲日本VA午夜在线影院| 国产亚洲男人的天堂在线观看| 成人一级免费视频| 国产亚洲免费的视频看| 久久久久国产精品免费看| 成人免费大片免费观看网站| 免费可以在线看A∨网站| 国产视频精品免费| 国产亚洲美女精品久久久2020| 久久精品国产亚洲AV麻豆不卡| 亚洲神级电影国语版| 亚洲av永久无码天堂网| 国产精品内射视频免费| 免费无码又爽又刺激高潮视频 | 一级毛片在线免费播放| a毛片全部免费播放| 青娱乐免费在线视频| 狠狠亚洲狠狠欧洲2019| 国产亚洲成人久久| 亚洲欧洲精品视频在线观看| 亚洲狠狠色丁香婷婷综合|