The Canadian and Korean asset management operations of two life insurers have agreed to jointly take advantage of rising institutional investor demand for Asian alternative assets.
The index provider's plans to add China's government bonds into a key index will force investors to weigh decent yields against political risks and market constraints.
The country's second-largest life insurer plans a higher allocation to domestic equities and real estate assets. It also intends to focus its attention on US debt.
Offshore life insurance companies are set to grow their businesses inside the country but will need to consider new national security issues and potential joint-venture disagreements.
Institutional flows into Chinese equities have been rising since early last year despite high technology valuations, US restrictions and Beijing's growing scrutiny of internet firms.
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.