HONG KONG -- Chinese insurance companies shifted more of their combined $5 trillion investment holdings into stocks in the first half of the year, responding to lower interest rates as well as government calls to support domestic shares.
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An electronic board shows Shanghai and Shenzhen stock indexes on a pedestrian bridge in Shanghai's Lujiazui financial district. © Reuters
HONG KONG -- Chinese insurance companies shifted more of their combined $5 trillion investment holdings into stocks in the first half of the year, responding to lower interest rates as well as government calls to support domestic shares.