January 5, 2018 / 4:20 AM / a year ago

China tightens rules on insurers' private equity investment schemes

BEIJING/SHANGHAI, Jan 5 (Reuters) - China’s insurance regulator issued a notice on Friday banning insurers’ asset management arms from using private equity investment schemes as a channel to increase local government debts.

Such schemes must not offer fixed returns to investors, and must not be used as a passive investment channel designed to skirt regulation, the regulator said. (Reporting by Beijing Newsroom, Samuel Shen and John Ruwitch; Editing by Sam Holmes)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below