The explosive growth of China's insurer AUMs
China's insurance companies are enjoying soaring assets. But this is propelling their need to raise investment returns, and leading to them investing into risky investments.
Duan Guosheng, the chief investment officer of China’s sixth biggest insurer Taikang Life Insurance, issued a stark warning to his peers in July against taking investment risks amid an economic slowdown. “The result could do more harm than good,” he said.
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