Viewpoint: Beijing is right to restrict insurers’ investments
It makes sense for Chinese regulators to restrict domestic insurance firms' aggressive moves into risk assets. Doing so should reduce market volatility and boost bond liquidity.
Last July, a little-known Chinese insurance company started buying up shares in China Vanke, one of the country’s largest property developers. Qianhai Life Insurance, a subsidiary of conglomerate Baoneng, was founded just four years ago – it has not taken the company long to cause a stir.
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