China will acquiesce allowance funds to advance in non-listed companies so as to access their investment opportunities, China Allowance Regulatory Commission (CIRC) agent Yuan Li told reporters on Friday.
The State Council, or Cabinet, has accustomed its approval to the abstraction and the CIRC was cartoon up accordant measures, Yuan said.
Trial programs would alpha with above calm insurers, which had the adeptness to cope with investment risks, Yuan said, after elaborating.
Insurance funds now could alone yield disinterestedness stakes in above basement projects, such as the Beijing-Shanghai accurate railway, according to Yuan.
The CIRC would not bind calm insurers' moves to advance across because of the all-around banking crisis, he said. But the CIRC would plan to advice the insurers abstain risks from such investments.
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