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China's pension funds to enjoy same investment scope as insurance funds

BEIJING
2015-08-27 14:37

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China's huge pension funds will enjoy same investment scope as investment funds managed by insurance companies, said insurance regulator.

The China Insurance Regulatory Commission (CIRC), the top insurance regulator, published administrative rules on management of China's huge pension funds on Wednesday, which clarified business norms, investment management, risk management and supervision for carrying out pension business.

According to Interim Rules on Management of Operation of Insurance Funds issued by the CIRC in 2014, Chinese insurance companies are allowed to invest in banking deposits, bonds, stocks, securities-invested funds, properties and other items regulated by the State Council.

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