An investment pilot scheme

Upon the decision taken by the regulation commission, Chinese reinsurance companies are henceforth authorized to buy foreign currency in view of setting up investment funds abroad. One or two companies will be selected in order to test this pilot scheme.

LThe Chinese companies which have managed to quadruple their assets during the recent five years came short of the necessary tools favoring foreign investment.

The Chinese companies have picked up an overall premium volume of 60.8 billion USD in 2005, an increase of 14% compared to 2004, the return on equity being at 3.6% for the whole market.