China lifers’ rising alts exposure raises debate over risk

Chinese life insurance companies are ramping up their alternative assets to seek higher yields, prompting analysts to disagree on the risks they are taking on board by doing so. The China Insurance Regulatory Commission (CIRC) has been opening up the asset classes that mainland insurers can invest in while stressing the importance of risk management. This environment is expected to create a greater divergence between big and smaller players. In the first six months of the year, …