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10 CN Insurers Participate in Pilot Program of Gold Investment Biz
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China's National Financial Regulatory Administration (NFRA) has issued a "Notice on Launching the Pilot Program for Insurance Funds to Invest in Gold Business" aimed at broadening the channels for the use of insurance funds, optimizing the structure of insurance asset allocation, and pushing forward the enhancement of asset-liability management by insurers. The NFRA has decided to launch a pilot program for insurance funds to invest in the gold business. The notice specified that from the date of its issuance, pilot insurers can engage in gold investment business with the purpose of mid- to long-term asset allocation. 10 insurers, including PICC, CHINA LIFE (02628.HK), Taiping Life Insurance, Sinosure, Ping An P&C, Ping An Life Insurance, Pacific Property, Pacific Life Insurance, Taikang Life Insurance, and New China Life Insurance, will participate in the pilot. AAStocks Financial News |
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