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Taiwan insurers allowed to enter mainland equity market
By Winny Wang |
August 5, 2010, Thursday
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Online Edition
Online Edition
TAIWAN'S financial supervisor plans to allow the island's insurance companies to invest up to 10 percent of their overseas allocation quota in the mainland equity market by the end of this month to seek higher investment returns.
The move is expected to channel more than NT$300 billion (US$9.44 billion) into stocks, corporate bonds, government debt, initial public offerings, exchange-traded funds and yuan deposits on the mainland.
Taiwan insurers will be permitted to invest up to 10 percent of their overseas allocation quota in stocks on the mainland, five percent of the quota in government and treasury bills, and their investment in shares or bonds of a single company will be limited to under one percent of the quota, the supervisory body said in a statement on its Website yesterday.
Total investments in the mainland must not exceed 10 percent of the insurers' overseas investment quota, the statement said.
The move is expected to channel more than NT$300 billion (US$9.44 billion) into stocks, corporate bonds, government debt, initial public offerings, exchange-traded funds and yuan deposits on the mainland.
Taiwan insurers will be permitted to invest up to 10 percent of their overseas allocation quota in stocks on the mainland, five percent of the quota in government and treasury bills, and their investment in shares or bonds of a single company will be limited to under one percent of the quota, the supervisory body said in a statement on its Website yesterday.
Total investments in the mainland must not exceed 10 percent of the insurers' overseas investment quota, the statement said.
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