Monday, 23 Sep 2024

Little or no exposure to Evergrande fallout and China property bonds for Singapore life insurers

HONG KONG – Singapore life insurers have little or no exposure to China property bonds in the face of the debt crisis at Hong Kong-listed China Evergrande Group and its ripple effect on Chinese developers, according to market players.

When asked, the Monetary Authority of Singapore (MAS) said it has been closely monitoring the Singapore insurance sector’s exposure to debt issued by Chinese property developers.

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