The China Insurance Regulatory Commission (CIRC) released, on April 7, 2009, five new notices for adjusting the investment channels of insurance funds. It stipulated that insurance firms whose solvency ratios exceed 150% are eligible to conduct their stock investment.
The aforementioned documents include the Circular on Increasing the Varieties of Bond Investment of Insurance Institutions, the Circular on Regulating the Stock Investment of Insurance Institutions, the Circular on the Insurance Funds' Investment Plan on the Infrastructure Bonds, Circular on Releasing the Guidelines for the Establishment of Products of Infrastructure Bond Investment Plan and the Circular on Strengthening the Assess Management Capacities.
The Circular on Increasing the Varieties of Bond Investment of Insurance Institutions increased varieties of bonds which the insurance firms are eligible to invest, including the bond and convertible bonds which the large-scale State-owned enterprises offered in Hong Kong.(Apr. 22th 2009)