China's National Financial Regulatory Administration issued a notice launching a pilot programme for insurance funds to invest in gold, effective from the date of publication, as part of efforts to broaden investment channels, optimise insurers’ asset allocation and strengthen asset-liability management. The notice sets requirements across three areas. It defines the scope and permitted investment methods for pilot gold investments and identifies 10 pilot insurance companies. It also standardises ex ante and ongoing management arrangements for participating insurers’ gold investments, and establishes periodic and ad hoc reporting mechanisms alongside related supervisory requirements. The authority will monitor pilot progress, step up supervision and advance implementation of the notice.
China Banking and Insurance Regulatory Commission 2025-02-07
China's National Financial Regulatory Administration launches a pilot allowing insurance funds to invest in gold with 10 participating insurers
China's National Financial Regulatory Administration has launched a pilot programme allowing insurance funds to invest in gold, aiming to broaden investment channels and optimize asset allocation. The notice outlines the scope, permitted methods, and management arrangements for gold investments, involving 10 pilot insurance companies. It also establishes reporting mechanisms and supervisory requirements, with the authority to monitor progress and enhance supervision.