Report title: Chinese Life Insurance
from Moody's Global Credit Research
12 page (5986 word) report published Nov 17, 2008

Price $550.00 available for immediate download
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...The outlook for the Chinese life insurance industry is stable, expressing Moody s expectations for the fundamental credit conditi ons of the industry over the next 12 to 18 months. In 2007, Chinese life insurers exhibited re cord high profits due to robust premium growth and strong investment income, thank s in turn to the booming stock market and economic growth. In addition, several of the large life insurers completed their listings on the Shanghai Stock Exchange after initial listings in Hong Kong several years ago. All these factors helped strengthen life insurer balance sheets and capitalizations when they entered 2008. Moreover, the turmoil in global markets since 2007 has had a relatively small impact on Chinese life insurers as their hol dings of sub-prime-related mortgages or securities have been minimal, given regulatory restrictions. While several economic issues may affect the industry s near-term development, Moody s believes that they would not have a material...

Report Type: Industry Outlook
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