Multiple insurance institutions have been approved to participate in the Bond Connect "Southbound Channel".

The long-awaited participation of insurance funds in the Bond Connect Southbound has officially launched. Recently, Taikang Asset Management was entrusted by Taikang Life Insurance funds to carry out Southbound Bond Connect business and completed the first investment transaction. According to the Securities Times reporter's information from various sources in the industry, not only Taikang Life Insurance, but also China Life Insurance, Ping An Life Insurance, Taiping Life Insurance, Pacific Life Insurance, and PICC Life Insurance have been among the first batch to be allowed to carry out Southbound Bond Connect bond investments, with some institutions having already completed their first investment. This represents the opening of the floodgates for non-bank institutions for the Southbound Bond Connect since its launch in September 2021.