The central bank opened its HK$10 billion life annuity scheme for registration today, and will use several of its divisions to invest the premiums and manage the risks they incur.
The state pension fund’s deputy director general spoke to AsianInvestor about its plans for the equity portfolio, which is likely to be split between five sizeable asset managers.
Industry participants welcome planned guidelines from the Asset Management Association of China that aim to drive adoption of environment, social and governance principles.
New asset allocation rules and staffing requirements have been set out for life insurers engaging in the annuities business, as well as fund houses seeking to manage such funds.
China’s $941 billion sovereign wealth fund will likely continue to ramp up its alternative investments even as the investment climate grows more difficult in some respects.
By including Formosa bonds as overseas investments, the island's financial regulator could put limits on life insurer buying in order to encourage more investment at home.