Insurers Given Wider Capital Use.

(From SinoCast China Financial Watch)

BEIJING, January 24,. 23, SinoCast -- China is opening wider the investment channels for insurance companies and is on track to modify relevant laws and rules. China's cabinet, the State Council, has approved insurance companies to invest indirectly in infrastructure and industrial funds, said Wu Dingfu, Chairman of China Insurance Regulatory Commission. Investments should not exceed 15 percent of the companies' total assets in the previous fiscal year. The scope is to cover water projects, transportation such as expressway, railway, port and tunnel, energies like hydrowater and nuclear power, as well as venues of Beijing 2008 …