More Insurance Investment Options Expected.

(From SinoCast China Financial Watch)

BEIJING, June 07, SinoCast -- China's insurance companies may soon be permitted to directly trade stocks and bonds to increase their capital base, said sources close to China Insurance Regulatory Commission, the country's insurance watchdog. It is clearly a good news both insurers that have been long trading through securities houses and stock investors. "The commission will, under the precondition of containing risks, be quick to draft rules that allow insurance funds to, in various ways, directly invest in capital markets," Wu Dingfu, chairman at the commission, told reporters in an interview earlier this year. Domestic insurers …