UPDATE 1-China to relax overseas investment rules for insurance funds -regulator

March 31, 2015 11:34 AM

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BEIJING, March 31 (Reuters) - China will relax overseas investment rules for domestic insurance funds to allow them to invest beyond Hong Kong, the top industry regulator said on Tuesday.

Insurance funds will also be allowed to buy bonds with credit rating of BBB- and above, compared to BBB previously, according to a statement on the China Insurance Regulatory Commission's (CIRC) website.

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