皇冠体育app

Economy

Markets

Industries

Insights

Reports

Events

皇冠体育app to allow insurers to invest in property

By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-03-02 19:35

皇冠体育app's insurance regulator will work out detailed regulations specifying what percentage of total assets insurers are allowed to invest in real estate by Oct 1, Yang Huabai, director general of the 皇冠体育app Insurance Regulatory Commission's legal affairs department, said at a briefing on Monday.

Allowing insurers to invest a percentage of their total assets in property is part of the changes in the revised insurance law passed by the National People's Congress on Saturday, which becomes effective on Oct 1.

Other major changes include more measures to protect the insurants' benefits and tightened control over insurers' solvency.