This is another major breakthrough in expanding investment channels for insurance funds.
More Quotes from Wu Dingfu:
We will encourage, support and guide investment by large and medium-sized state firms and private funds into the industry. The regulator will push insurers to increase product innovation and tighten oversight to prevent vicious competition.Wu Dingfu
But effective risk management must be the precondition.
Wu Dingfu
As the insurance industry continues to develop and capital rapidly builds up, we'll gradually broaden investment channels.
Wu Dingfu
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