Volatility curbs China insurers’ offshore investing plans
The country insurers' offshore asset allocations will likely remain much lower than the regulatory limit of 15% this year, despite their need to locate higher levels of return.
Chinese life insurers are showing an increased interest in overseas investments due to lower returns at home but appear unlikely to greatly do so this year, say investment executives and observers.
The offshore investment volume of the 52 insurers which have obtained approval from the China Banking and Insurance Regulatory Commission (CBIRC) to invest overseas totalled $70 billion, accounting for 2.75% of their total assets as of the end-2019, according to a report released last w…
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