Chinese insurers set for VC fund investment

This week’s move to allow Chinese insurers to invest in venture capital (VC) funds could see as much as Rmb200 billion ($32 billion) flow to small and mid-sized mainland companies. It also reflects the accelerating liberalisation of investment rules for the mainland insurance industry. The China Insurance Regulatory Commission (CIRC) on December 15 gave insurance companies the right to invest up to 2% of their total assets in VC funds. It is still early days for mainland insurers …