Chinese Insurers Jump 4% to Lead Morning's Gainers
Liao Shumin
DATE:  Nov 25 2020
/ SOURCE:  Yicai
Chinese Insurers Jump 4% to Lead Morning's Gainers  Chinese Insurers Jump 4% to Lead Morning's Gainers

(Yicai Global) Nov. 25 -- Insurance companies listed on China's mainland were leading the rising markets with a 4 percent gain this morning after the sector's main regulator issued new rules to lift capital requirements.

The Shanghai Composite Index opened 0.43 percent higher at 3,417.51. The Shenzhen Component Index started at 13,923.66, up 0.15 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, edged up 0.12 percent to 2,678.11.

On Nov. 23, the China Banking and Insurance Regulatory Commission released new rules to standardize the development of the insurance industry by raising capital requirements.

Editor: Emmi Laine

 

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Keywords:   Chinese Stock Market