Chinese insurers eye PE amid QDII quota freeze

Chinese insurance firms are having to think more strategically about how they get offshore exposure, as the ongoing suspension of QDII quota approval is limiting their ability to achieve target returns. Spurred by renminbi weakness and A-share volatility, mainland insurers are keen to diversify their portfolios internationally. But they need new qualified domestic institutional investor (QDII) quota to fund new overseas mandates, and that has not been forthcoming since March this …