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China encourages insurers to buy stocks, bonds

China is encouraging insurance institutions to invest in more good quality stocks and bonds to improve their portfolios, its banking and insurance regulator said on Monday, as part of the government’s efforts to bolster liquidity and revitalize the gloomy capital markets.

The regulator urges insurance companies to use their long-term funds to invest in more high-quality stocks and bonds and expand their investment through specialized equity-investment products, said Xiao Yuanqi, a spokesman for the China Banking and Insurance Regulatory Commission (CBIRC), in a statement released on Monday.

“This will help ensure stability in the capital markets . . .

 

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