China: Financial sector risk could rise with insurers' investments in perpetuals

The move by the CBIRC to allow insurers to invest in perpetual and Tier 2 capital bonds issued by qualified Chinese banks has been described as credit negative for insurers because it will elevate their correlation risk to the broader financial system, according to an article in the 30 January issue of "Moody's Sector Comment".

from Recent Posts on (eDaily) http://bit.ly/2ShceaD