在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center>China
       
 

Overseas investment rules boost insurers
By Hu Yuanyuan (China Daily)
Updated: 2005-09-12 05:35

China Insurance Regulatory Commission (CIRC), the industry watchdog, yesterday released a detailed pilot regulation to manage overseas investment of insurance companies' foreign exchanges.

"With a wide coverage and detailed rules, the pilot regulation is a compass for insurance companies to go abroad," Long Xiangxin, manager of the capital management centre of New Life China Insurance Co, told China Daily.

With 30 per cent annual growth in the past two decades, China's insurance industry has maintained a strong growing momentum, as has the insurance foreign exchange business.

Moreover, with the listing of China Life Insurance Co, PICC Property and Casualty Co and Ping An Insurance Co, foreign exchanges from the insurance sector have topped US$10 billion, mainly coming from the capitalization of joint ventures, foreign-funded insurance companies and the raised capital from three listed insurance companies.

"The regulation clarifies the expanded investment channel and tools, a big help for insurers," Wang Guojun, an insurance professor at the University of International Business and Economics (UIBE), said.

According to the regulation, insurance companies can invest their foreign exchanges into overseas stock markets, structural deposits, mortgage securities and monetary funds.

However, the overseas stock investment is only confined to Chinese enterprises listed in securities exchanges in New York, London, Frankfurt, Tokyo, Singapore and Hong Kong.

In that case, H-shares, especially red chips, will be the primary choice for investment, insiders say.

"The comparatively low valuation of H-shares also make them safer," Wang says

According to Zeng Yujin, an official at the CIRC, overseas investments also have no influence on the domestic stock market,

"Because the yuan cannot be exchanged into foreign currencies under a capital account, there shouldn't be any concern that capital will be withdrawn from the domestic stock market," Zeng adds. " The only influence would be psychological."

The regulation also sets an investment cap to control potential risks.

The total amount of foreign exchange that can be invested in overseas stock markets should be under 10 per cent of the investment quota set by the State Administration of Foreign Exchange. Investment in a single stock is to be no more than 5 per cent of the total release of that stock.

Meanwhile, the CIRC encourages insurers to invest in developed countries and regions by expanding the allocating currencies to US dollar, euro, yen, pound, Canadian dollar, Australian dollar, Singapore dollar, Hong Kong dollar and other currencies approved by the watchdog, essentially the same as the basket of currencies.

(China Daily 09/12/2005 page1)



US Pacific Command Commander in Zhanjiang
President Hu in Canada for visit
Tree signals China-Canada friendship
  Today's Top News     Top China News
 

Typhoon Khanun slams into East China province

 

   
 

China, Canada to build strategic partnership

 

   
 

China's diplomacy enters golden age

 

   
 

Katrina costs could approach those of wars

 

   
 

Hong Kong Disneyland ready to open Monday

 

   
 

Dengue plunges Singapore into health crisis

 

   
  Chinese evacuate as typhoon threatens Shanghai
   
  China's diplomacy enters golden age
   
  Chinese president identifies areas for enhanced coop with Canada
   
  Hong Kong Disneyland ready to open Monday
   
  Former US President Clinton addresses China Internet Summit
   
  Vice-president arrives in HK
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 国产精品永久久久久久久久久 | 成人免费黄色大片 | 国产午夜一区二区 | 免费黄视频网站 | 久久国语| 亚洲福利视频一区 | 日韩国产在线播放 | 91av免费观看 | 日日操视频| 中国美女乱淫免费看视频 | 国产黄色片在线观看 | 一级片在线视频 | 日韩成人片 | 一区两区小视频 | av一区二区三区在线观看 | 五月天黄色网址 | 日韩欧美亚洲 | 精品国产91 | 中文字幕亚洲精品 | 在线播放中文字幕 | 免费国产一区 | 黄色小说视频网站 | 国产成人99久久亚洲综合精品 | 日韩一区二区在线视频 | 日韩免费一区 | 男女啪啪免费 | 日韩理论片 | 亚洲综合影院 | 在线日韩一区 | 欧美色图一区二区三区 | 狠狠操天天干 | 中文字幕av在线播放 | 国产高清视频 | 亚洲性视频 | 免费不卡av | 天天摸夜夜操 | 亚洲美女爱爱 | 最新av在线 | 在线成人小视频 | 精品国产欧美 | 性视频在线 |