The Insurance Association of China announced the current research value for the preset interest rate of ordinary life insurance products at 1.99%, according to the Securities Times. Following this, insurance companies such as China Life and Ping An Life issued announcements regarding the preset interest rates of life insurance products, deciding to adjust the maximum preset interest rates for new filed insurance products.Related NewsHSBC Research Lists H-Shrs Most Favored by Domestic Active Mutual Funds/ Southbound Capital in 2Q (Table)