October 25, 2018 / 2:18 AM / 19 days ago

Chinese regulator encourages insurers to provide liquidity support to listed firms

BEIJING, Oct 25 (Reuters) - China’s banking and insurance regulator published a notice on Thursday allowing insurance asset management firms to launch dedicated products that provide liquidity support to listed firms, in a bid to reduce risks related to pledged shares.

The regulator said by launching such products, which can buy both stocks and bonds, insurers can provide long-term capital to quality listed companies and their shareholders, and support the development of private-run companies.

The regulator said it will continue to support insurers to increase financial and strategic investment in listed firms. (Reporting by Beijing Newsroom; Editing by Sam Holmes)

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