PICC wades into subordinated debt

China’s PICC will be the first onshore insurance holding group to sell subordinated debt since regulators loosened issuance rules. Yet as insurers become more levered, analysts worry they’re spreading themselves too thin.

  • 24 Apr 2013
The People’s Insurance Company of China (PICC) is set to be the first onshore insurance holding company to issue subordinated debt since the ban in 2011, following the publication of new rules. Yet as other insurers also weigh their options, analysts fear companies in the sector will begin ...

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