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Reprints
The China Insurance Regulatory Commission has revised rules to make it easier for insurers to invest in infrastructure projects, reported Reuters.
The move would "support and stabilize the economy," said the CIRC.
The regulator said that insurers will no longer need to obtain regulatory approval to invest in infrastructure and their scope of investment will also be expanded.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms