...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 ## to ## months. In ####, 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 ####. Moreover, the turmoil in global markets since #### 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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 Moody's Global Credit Research
Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.