Ping An to shorten duration gap as ALM rules tighten
The insurer plans to narrow the duration gap in its investment portfolio this year, but limited long-term debt availability could fail to satisfy life insurance firms' demand in China.
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Ping An Group aims to reduce the duration gap in the investment portfolio this year, after the insurance regulator introduced new regulation on asset liability management (ALM) early this month. However, a lack of long term debt in the country and elsewhere in Asia could stymie the investment ambitions of insurers.
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