China Life, Ping An eye new regulation to enhance risk management

China’s life insurance companies will be better regulated on investing in structured financial products and managing underlying risks, as the country’s regulator releases new measures to plug loopholes, experts said. The asset allocation structure of life insurers will also be optimised as the new regulation allows them to invest in financial products such as wealth management products issued by wealth management companies; single asset management product plans; and debt-to-equity…