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China’s insurance regulator issues rules on privately-offered funds established by insurers

( September 11, 2015, 08:46 GMT | Official Statement) -- MLex Summary: Chinese insurers have been allowed to have their assets under management in privately-offered funds if they reach a certain threshold set by the regulatory authority, according to a notice issued by the China Insurance Regulatory Commission today. These privately-offered funds are supposed to invest mainly in infrastructure and livelihood projects, small enterprises, Internet finance, as well as other sectors on the extended industrial chain. The regulator specified in its notice the qualification requirements for fund promoters and fund managers, and called for a marketized operating mechanism for the management of funds.The statement follows:...

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