China hikes fund investment ratio for insurers

　　China's top insurance regulator has raised the maximum investment ratio of shares and funds that an insurance company can hold. Now, they can make up a combined 25 percent of total assets.

　　China's Insurance Regulatory Commission said that companies can invest up to 20 percent in domestic stocks and stock funds, while total investment in the category cannot be higher than 25 percent of the last quarter's assets.

　　Chinese insurers are allowed to invest up to 15 percent in overseas capital markets, including public offerings of bonds and stock funds. Previously the CIRC had set an upward limit for stocks and stock funds at 10 percent each.