Big Chinese life insurers follow different bond strategies
Major lifers in China are dealing with increasing pressure over their asset allocation strategies and returns under a volatile capital market plus a new solvency regime domestically.
China's biggest life insurers show divergence in their fixed income portfolios as investment performance was under pressure in the first quarter of 2022 amid global market volatility.
They recently released first quarterly reports since China's new solvency regime came in on January 1. The reports for the first three months ended March show that China Life Insurance, for example, has sought to cut its investments in long-duration assets, in favour of investments in short- to mediu…
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