In the China Securities Journal (via MNI), quoting sources familiar with the matter:

  • Most Chinese insurers capped their investments in stock market at 15% of their total assets
  • Despite the recent surge in the Chinese stock market
  • Up from a ratio of less than 10% at the end of last year but is still far from the regulatory 30% cap
  • Investment officials from insurance companies said they would be more cautious with stock investments in the third quarter and are unlikely to further raise their investments in stocks