RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Banks' credit funds banned from insurance stock
Adjust font size:

Recently commercial banks received an initial nod from relevant authorities to invest in insurance shares. This has caused supervising departments to strictly control fund resources poured by these banks into shares held by insurance companies, revealed by authoritative sources Wednesday.

In addition to the ban of credit funds, the ratio of capital supply will also be restricted.

According to the sources, considering that the credit funds are from individual deposits, banning the investment of credit funds is being mandated to avoid any risks imposed on a bank's pay-back capacity caused by investment failure.

Meanwhile, it is said that the ratio of capital supplied by commercial banks to insurance stock should not be excessive. But to date the exact ratio has yet to be clarified.

For more details, please read the full story in Chinese (http://www.cs.com.cn/yh/02/200802/t20080214_1366001.htm).

(China.org.cn February 14, 2008)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
Most Viewed >>
-Steel firms may have to accept rise
-Retail sales rise 16% during holiday
-Brilliant future seen for nuclear power
-Currency may climb further
-Airbus sees huge potential in China

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号