China Life eyeing more government bonds, equities
The largest life insurer in the country is continuing to make a longer-term push into bonds and some equities, but remains concerned about the potential for corporate credit defaults.
China Life Insurance is set to keep increasing its exposure to longer-term government bonds, but is concerned about a potential rise in onshore credit defaults. It is also looking to more opportunities in A-shares due to rising interest in the asset class among broader Chinese investors, the group management said during an online financial results’ media briefing on Friday (March 26).
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