HONG KONG -- China's top insurance companies increased the size of their bond portfolios by a total of more than 1.2 trillion yuan ($169 billion) in the first half of the year, underscoring their strong appetite for safe assets, even as the central bank tries to cool a government bond buying frenzy.
Finance
China's top insurers log $169bn bond portfolio boost as PBOC intervenes
Central bank foray into bond trading comes as buyers show hunger despite bubble fears
In January to June, China's top insurers expanded their bond portfolios, a safe bet given the murky outlook for economic growth. © AP
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