Chinese insurers put US$240bn into infrastructure projects
Publish Date:Posted over 7 years ago
Chinese insurers enabled 651 investment projects to launch with registered capital of CNY1.65 trillion (US$240 billion) in infrastructure and livelihood improvements last year. The investments were through equity and bond purchases, as well as asset support plans, which largely went into transport, energy, real estate, healthcare and elderly care. Chinese insurance capital has also been put into national development strategies such as the Belt and Road Initiative, the Yangtze River Economic Belt and the coordinated development of Beijing, Tianjin and Hebei. Insurers have invested CNY592.3 billion yuan in the Belt and Road Initiative and CNY135.9 billion in the Yangtze River Economic Belt. Insurers are encouraged to provide funding to develop the country's real economy, as insurance capital is considered as large and stable long-term funds.
