Chinese regulators have approved several insurers to conduct Bond Connect
Southbound investments. Taikang Asset, on behalf of Taikang Life, completed the
first southbound bond trade. China Life, Ping An Life, China Pacific Life,
Taiping Life and PICC Life were among the initial batch cleared to invest via
Southbound; some have already executed inaugural transactions. This is the first
time since the Southbound channel launched in September 2021 that it has been
opened to non-bank institutions.
