FINANCIAL SERVICES | Staff Reporter, Hong Kong

Why China insurers are suddenly flocking into Hong Kong

Insurers are the biggest gainers in the Hang Seng China index.

Bloomberg reported that Chinese stocks in Hong Kong posted their biggest gain in a month as insurers rallied.

The Hang Seng China Enterprises Index climbed 1.6 percent to 9,840.26 at close. Insurers accounted for five of the seven biggest gainers on the gauge, with China Life Insurance Co. having its largest one-day advance since August 2015. Analysts had a range of reasons for the sudden rally, from speculation Chinese pension funds are about to enter the stock market to bets higher borrowing costs would boost investment yields.

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