CBIRC: Direct investment of insurance funds through stocks and bonds reaches 4.35 trillion yuan
China Banking and Insurance Regulatory Commission(CBIRC) spokesperson Zhang Zhongning revealed at a press conference held by the State Council Information Office that in recent years, CBIRC has encouraged insurance funds to play the role of long-term, stable and value investors. Insurance funds could provide multi-level financial support for manufacturing and strategic emerging industries through stocks, equity, debt, funds and other forms. By the end of May this year, insurance funds had directly invested 4.35 trillion yuan in manufacturing, energy, technology and related infrastructure fields through investment in corporate bonds, stocks, funds, equity, asset management products, etc., accounting for 19.07% of the balance of insurance funds utilization. The insurance asset management industry has also actively created insurance asset management products, and participated in investment in high-end equipment, artificial intelligence, new-generation information technology and other fields. It has connected high-tech industrial parks and strategic emerging industries, and established a number of typical projects.

Source: [https://www.cls.cn/](https://www.cls.cn/)
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