China's four major insurers -- Ping An of China, China Life Insurance Group, PICC Property and Casualty Insurance and Taikang Life Insurance -- are piloting their first investments in the country's infrastructure sector.

The four were jointly choosing infrastructure construction projects in which to invest a total of 12 billion yuan (150 million US dollars), the China Securities Journal quoted an authorized source as saying. The 2010 Shanghai World Expo, highways, Shanghai subway and airport construction are the available projects.

The China Insurance Regulatory Commission (CIRC) published the Management Measures on Insurance Funds Directly Invested in Infrastructure Construction in March, permitting insurance funds to go into state-level projects covering transportation, communications, energy, civil construction...

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Posted by rjorr at June 21, 2006 8:45 AM