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Old 25-08-2008, 02:11 PM
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Default China amends law to broaden investment channel of insurance funds
China is to broaden the investment channel of insurance funds, allowing them to invest in real estate industry, if a draft revision to the Insurance Law is adopted by the national legislature.

Investment channel of insurance funds would be widened to marketable securities such as bonds, stocks, funds and real estate industry, according to the draft submitted to the Standing Committee of the National People's Congress (NPC) on Monday.

The current law only allows insurance funds to ...

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