BEIJING - Insurance authorities now allow Chinese mainland insurance companies to invest in Hong Kong shares through a stock link program.
Insurers have to launch wealth management products to make portfolio investments via the Shanghai-Hong Kong Stock Connect, the China Insurance Regulatory Commission (CIRC) said in an online statement.
The new access to the Hong Kong market will help them improve asset structures, minimize risk and increase returns, the CIRC said.
Rules on opening accounts, trading and clearing were also clarified by the CIRC.
The stock connect was launched in November 2014 for investors to trade selected stocks on each other's exchanges. A similar one between Shenzhen and Hong Kong bourses is expected to start in mid or late November.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
