China says it will prevent the risk of an excessively rapid growth in overseas investments

Almaty. September 18. Silkroadnews – China says it will prevent the risk of an excessively rapid growth in overseas investments, the Singapore-based Business Times reported.
“China will prevent risks stemming from an excessively rapid growth in overseas investments, the country’s insurance regulator said on Monday, adding that it will strengthen supervision of overseas investment risks and capital flows”, the report said.
The regulator is also said to call insurance companies to conduct self-checks of their investments in real estate, the China Insurance Regulatory Commission (CIRC) said.
Also the regulator is expected to prevent the risks associated with P2P lending and other Internet finance from spilling over onto the insurance industry.