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China insurers run huge risks for high returns

Alternative investments account for 16% of top five listed insurers' total assets, up from 5% in 20112

Hong Kong

YEARS of breakneck growth for China's top insurers has been partly fuelled by a splurge on risky investment products that could punch multi-billion-dollar holes in their balance sheets if the slowing economy triggers heavy debt defaults.

Industry premiums have increased...

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