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Friday, December 29, 2000, updated at 09:03(GMT+8) | |||||||||||||
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11.5 Billion Yuan of Insurance Money Flows into Stock MarketBy the end of November, the insurance money invested in the stock market has reached 11.5 billion yuan in China, increasing by 8.7 percent and higher than 7 percent of the growth rate of T-bond investment. The bank deposits, however, presented a downward trend during the same period.According to Securities Times, by the end of November, the investment amount of insurance companies was 119.1 billion yuan, exceeding 117.7 billion yuan of bank deposits for the first time. Of the capital, 86.6 billion yuan was invested in T-bonds and 11.5 billion yuan in securities investment funds. (Panorama)
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