China allows insurers to double private equity exposure
The China Insurance Regulatory Commission (CIRC) has allowed insurers to invest up to 10% of their total assets in private equity. Investment in the asset class was previously capped at 5%. The move is expected to see $50 billion of fresh capital injected into unlisted companies.
The new set of rules, which was drafted after a two-day meeting between the CIRC and industry professionals last month, is part of a wider effort by the regulator to diversify investment channels for local...
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