A piece from Financial News, quoting an official from the China Insurance Regulatory Commission (via MNI):
- Chinese insurance companies have spendt a total of CNY112.26 billion buying stocks since the 'turmoil' began
- Bought CNY57.42 billion in stocks
- Bought 54.84 billion in equity funds, as of July 8
Said the big six insurers on Thursday bought another CNY15.1 billion worth of stocks and funds
Will continue, they are long-term investors, will further step up their investments to maintain a stable and healthy stock market
