Singapore life insurers have little or no exposure to Evergrande fallout, China property bonds

Evergrande, once China's largest developer, is now saddled with more than US$300 billion in liabilities.
Evergrande, once China's largest developer, is now saddled with more than US$300 billion in liabilities.PHOTO: REUTERS

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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