New asset-allocation rules for Chinese insurers are misleading, says Z-Ben

Aug 15, 2010

Higher thresholds for equity and overseas exposure aren't as high as they seem, says the consultancy, but further flexibility is expected going forward.

Local and foreign asset managers reacted eagerly to the late-July release of provisional guidelines giving Chinese insurers – whose investable assets total RMB4.2 trillion ($617 billion) – more flexibility over what they can invest in. But while a step in the right direction, the proposed changes are not as significant as they seem, says Shanghai-based consultancy Z-Ben Advisors.

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