Most S'pore insurers have little or no exposure to China property bonds

Debt exposure less than 1% of sector assets, Evergrande bond exposure insignificant: MAS

Most Singapore life insurers have little or no exposure to China property bonds, in the face of the debt crisis at Hong Kong-listed Evergrande Group and its ripple effects 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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A version of this article appeared in the print edition of The Straits Times on October 20, 2021, with the headline 'Most S'pore insurers have little or no exposure to China property bonds'. Subscribe