BEIJING, March 19 (Xinhua) -- The Insurance Asset Management Association of China (IAMAC) cheered on registration of 24 debt investment plans, equity investment plans and insurance private equity (PE) funds by its members in February, up 84.62 percent year on year, reported Xinhua-run Xinhua Finance Thursday.
The newly-registered asset management (AM) products have a total registered value of 48.91 billion yuan, up 92.99 percent from February 2020.
Among them, there are 23 debt investment plans, up 76.92 percent year on year and they in total involve an aggregate registered value of 38.91 billion yuan, up 53.53 percent year on year.
Last month, no equity investment plans were registered with the IAMAC and one insurance PE fund was registered with 10 billion yuan of registered value.
In the first two months of 2021, 55 debt investment plans, equity investment plans and insurance PE funds were registered with IAMAC, up 30.95 percent year on year and their gross registered value reached 94.79 billion yuan, up 21.26 percent year on year.
Of the 55 AM products registered during January and February, there were 53 debt investment plans, up 29.27 percent year on year and their combined registered value stood at 84.74 billion yuan, up 11.25 percent year on year.
An equity investment plan was registered with IAMAC in January and its registered value was 50 million yuan while in the same period of 2020, there was no equity investment plan registered by IAMAC members.
The remaining one of the 55 AM products was the February-registered insurance PE fund.
By the end of February this year, IAMAC handled registration of 1,849 debt investment plans, equity investment plans and insurance PE funds, with their registered value at 4.25 trillion yuan. Included in the total were 1,738 debt investment plans, 73 equity investment plans and 38 insurance PE funds, with respective combined registered value at 3.59 trillion yuan, 333.99 billion yuan and 330.23 billion yuan. (Edited by Duan Jing with Xinhua Silk Road, email@example.com)