China watchdogs urged to open insurer investing choices
Insurance companies in China are struggling to find long-term assets to match their liabilities. A senior official at a self-regulatory body has proposed some potential solutions.
The insurance industry in China is calling upon regulators to widen the array of assets in which they are allowed to make long-term investments. However, market analysts say there is a big problem – there is a dearth of appropriate assets that fit the bill, at least in China.
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