BEIJING, Nov. 19 (Xinhua) -- A total of 31 insurance asset management (AM) institutions and 10 insurance private equity (PE) fund management firms have registered 648.719 billion yuan of products in the first 10 months of this year, reported Xinhua Finance on Wednesday.
They registered with the Insurance Asset Management Association of China (IAMAC), an insurance industry organization directly guided by the sector watchdog China Banking and Insurance Regulatory Commission (CBIRC), 341 batches of debt investment plans, equity investment plans and insurance PE funds.
Their aggregate value was up 47.15 percent over the same period of 2019 and the total batches number represented a 66.14 percent rise year on year.
Among these products, 291 batches of them are debt investment plans, with their overall value hitting 504.784 billion yuan and nine are equity investment plans, with their size at 20.02 billion yuan. The remaining 14 ones are insurance PE funds which valued 123.915 billion yuan.
By the end of October, insurance AM institutions and insurance PE fund management companies registered 1,647 batches of debt investment plans, equity investment plans and insurance PE funds with the IAMAC, with the registered value of nearly 3.83 trillion yuan in total. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
