The reporter learned today (5th) that the State Administration for Financial Regulation recently approved five insurance companies including PICC Life Insurance, China Life, Taiping Life, Xinhua Life, and Ping An Life to carry out long-term investment reform pilot projects with a scale of 60 billion yuan.
As an important means to promote the entry of medium- and long-term funds into the market, the pilot reform of long-term investment in insurance funds has attracted much attention. Up to now, 8 insurance companies have been approved to carry out pilot projects, with a total amount of 162 billion yuan. Insurance funds have played a role in long-term capital and patient capital, and have strongly supported the stable operation of the capital market.
(CCTV reporter Wang Lei)
