China eases restrictions on capital account

The move could see a maximum of $7.82 billion of outflows from the country, with the current value of foreign currency assets among China's insurers at $9.78 billion. This figure will however be lower as only those insurers with an asset base of more than 5 billion yuan and with FX assets of more than $15 million are eligible to invest in overseas securities, said Desmond Supple, head of Asian and global market research at Barclays Capital in Singapore.

But given domestic FX interest rates a