Ping An to continue government bond investments despite crackdown

Chinese insurer evades questions on HSBC holdings at press conference

20240823 PingAn main

Chinese insurer Ping An says bond investment will continue to be a core feature in its investment portfolio despite regulators' moves to cool bets. (Nikkei montage/Source photos by Getty Images and Reuters) 

WATARU SUZUKI, Nikkei staff writer

SHANGHAI -- China's Ping An Insurance said Friday that bonds will continue to be a "core allocation" of its investment portfolio, even as the Chinese central bank steps up efforts to cool a buying frenzy.

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