Chinese insurers face more supervision of overseas investments
China's Insurance Regulatory Commission will focus on "irrational stock market fundraising and overseas acquisitions" as it steps up its supervision of foreign investments, according to Guo Jing, vice head of the commission’s finance and accounting department. Guo added the regulator would also call on insurance companies to carry out self-checks on their property investments. The moves followed last month's announcement by the State Council that it would limit overseas investments in several sectors to stem capital outflows.

The regulator said it will prevent risks stemming from “an excessively rapid growth in overseas investments”. Photo: Handout