CIRC seeks to spur best practice in PE investment
China's insurance regulator has issued additional guidelines around private equity investment by insurers, as they build exposure to the asset class, both as GPs and LPs.
China’s insurance watchdog has moved to further strengthen risk management around private equity funds that insurance firms run or invest in, as part of a push to encourage professionalism and best practice in the industry.
The China Insurance Regulatory Commission issued additional guidelines in this area (see box), reported state publication Shanghai Securities News yesterday.
This is the CIRC's first such circular since allowing insurance asset managers to set up PE funds in …
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