The proportion of insurance fund invested in the capital market should be further increased, said China Insurance Regulatory Commission (CIRC) Vice-Chairman Li Kemu here Wednesday at an international forum on infrastructure investment.

Li especially mentioned that insurance companies should enhance investment in banks' equity, saying relevant policies should be enacted as quickly as possible so as to support reform of domestic banks.

The CIRC is working on detailed policies and measures to boost investment of insurance fund in stock market and on foreign land, he said.

Insurance fund should play a very positive role in China's major infrastructure project investment, and make full use of both overseas and domestic market in a bid to mitigate risks and increase profit, he said.

As more investment channels are being opened to China's insurance industry, it faces severe challenges in investment capability and risk control, he said.

Source: Xinhua