"Southward Passage" Institution Expansion: Insurance Funds Regularize Global Bond Allocation

After nearly a year, insurance funds participating in the mutual access between the mainland and Hong Kong bond markets have moved from policy breakthroughs to practical implementation. Recently, insurance asset management institutions such as China Life Assets, Ping An Asset Management, and Taikang Assets, as the first batch of trustees, have successively completed their first investment transactions. Against the backdrop of declining domestic interest rates and pressure on asset allocation, "Southbound Connect" provides a normalized channel for insurance funds to increase their allocation of high-yield, long-duration foreign bonds.