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Thursday, November 11, 2010

Chinese insurance companies are allowed to invest in Canada

Canadian Finance Minister Flaherty (Jim Flaherty) said on Wednesday, according to Canada and China Insurance Regulatory Commission signed an agreement, the Chinese insurance companies will be able to invest in Canada. The agreement will attract about 1,060 billion yuan of funds into the Canadian financial markets in China.

The agreement will be the Canadian wealth management company as a Chinese insurance investment destination.

Flaherty Dow Jones Newswires in Seoul (Dow Jones Newswires) interview that he expected China's insurance funds into Canada starting next year.

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