Partnership private equity funds have been allowed to invest in insurance companies, as the regulator seeks greater involvement of private capital in the industry.
A number of insurance companies already filed requests for bringing in PE investors, an official from China Insurance Regulatory Commission (CIRC) said when announcing the policy on April 24.
This is the latest progress towards opening the insurance industry to private investors, since CIRC said last June that it would encourage private investments in insurance companies.
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Wang Shenlu via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/SVCnSmQp8fs/
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