March 7, 2018 / 2:22 AM / 5 months ago

China regulator says money from wealth products can be invested in insurance stocks

SHANGHAI, March 7 (Reuters) - China’s insurance regulator said on Wednesday that money from asset management plans and trust products can be used to acquire listed insurance company stocks, subject to strict conditions.

The move was disclosed in a document circulated at a news conference held in Beijing by the China Insurance Regulatory Commission. (Reporting by Shu Zhang and Engen Tham Editing by Eric Meijer)

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