On Sunday China's financial regulator reduced the risk weighting it attaches to insurance companies' holdings of blue-chip shares and tech stocks.
The effect of the change should be to encourage them to invest more in China's stock market, a lower risk weighting frees up more capital for insurers to invest.
The National Administration of Financial Regulation (NAFR) moves:
- the risk weighting for CSI300 Index constituents would be reduced to 0.3 from 0.35
- for stocks listed on Shanghai's tech-focused STAR Market would be cut to 0.4, from 0.45
Also over the weekend from China:
China Stock Market
