JPMorgan says Prudential PLC's (LSE:PRU) recent share-price slide has already baked in a bearish view of China-related insurance flows, leaving the Asia-focused insurer looking inexpensive even under a tougher regulatory scenario. The broker, which rates Prudential at Overweight, noted that the shares have fallen more than 10% since concerns emerged over Decree 837, a regulation whose implications for Hong Kong insurance sales to Mainland Chinese Visitor customers remain unclear.