CIRC mulls Reit and PE property fund investments
China is about to approve real estate investment rules for insurers, with the authorities mindful that insurance capital should not be used to encourage speculative bubbles.
New draft real estate investment regulations are soon to be released by the China Insurance Regulatory Commission (CIRC). Investment managers for the country's Rmb3.8 trillion ($562.5 billion) in insurance capital will then officially dip their toes into the world of property investments for the first time in history.
Of course, many Chinese insurers already hold real estate projects that they invested in before the CIRC required them to clean up their books in 2003 -- and many of th…
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