China may ‘crowd out’ Asian capital markets

Asian economies risk being crowded out by China due to their comparative lack of capital market development, and that may exacerbate asset-liability management (ALM) challenges for insurers in the region, warns Mark Konyn, chief investment officer of AIA. Speaking at AsianInvestor’s third annual Insurance Investment Forum last week, Konyn pointed to such developments as a key issue in respect of ALM for the industry. He oversees Hong Kong-based insurer AIA's $130 billion investmen…