Chinese insurance companies can invest $ 27 billion in gold

A Chinese experimental program will be opened that will enable insurance companies to buy gold for the first time in the way of possible investments in billions of dollars in the precious metal, which boosts the record rise in the price. In a memorandum, according to the program that came into effect last Friday, ten insurance companies, including ‘PICC Property & Casualty’ and ‘China Life’ and ‘China Life’ (China Life Life ‘and’ China Life ‘insurance), considered one of the largest companies in China – of about 1% of its assets in the potential. Investments worth 200 billion yuan ($ 27.4 billion) will be. in China, and the need to provide alternatives amid the slowdown in the property sector and economic decline. York .. set Trump Customs on the precious? The analysts at Gotai Junan Securities, including Liu Xinchi, pointed out that “insurance companies do not have investment options in medium and long-term assets that achieve a stable return”, and which are more difficult, these boxes are in balance between assets and obligations, as it has led to the increased costs of obligations. The procedure also makes gold the first basic commodity that explicitly enables Chinese insurance companies to invest in it, as China prevents insurance funds from investing in assets that do not produce a ‘stable critical return’, and also places a maximum amount for the amount that the boxes can invest in assets such as bonds and stocks. Raw materials – including gold – are greatly influenced by the directions of basic factors, macro economic developments and geopolitical risks.