Warning sounded on Chinese insurers' rising asset risk

Chinese life insurers are growing increasingly vulnerable to the ongoing domestic slowdown and equity market turmoil as they boost exposure to riskier assets in the chase for higher returns, warns rating agency Fitch. Smaller firms are thought to be particularly at risk, as they are believed to have more equity exposure than their larger peers, said Joyce Huang, a Hong Kong-based director at Fitch. This could be among topics discussed during a breakout discussion on Chinese insure…