The Chinese financial regulator eased the rules around insurance asset management products, which should hasten their issuance and raise their appeal with other investors.
The move will ultimately help to improve insurers’ investment performance and enhance corporate governance standards across the entire investment community.
A new set of rules from the CBIRC will enlarge the investor base for insurance asset management products. This could ramp up investor demand.
As Beijing seeks to expand its pension system it will need to find ways to simplify how the system is managed, instead of maintaining the set of watchdogs that currently have a say.
GPIF suffers largest-ever quarterly loss; Korea's GEPS seeks bond ETFs; NZ regulators slam life insurers; BLF fund set to run out of money; UK instos show interest in Chinese stocks, and more.