Chinese insurers are benefiting from Beijing’s deleveraging drive, as a scarcity of long-term funds helps them seal commercial property deals.Chinese commercial banks’ funding of the property sector has been clipped by the central government’s debt-reduction campaign, which has given insurers an upper hand when it comes to premier assets.China Life Capital Investment, the property investment arm of insurance giant China Life Insurance, is among the beneficiaries.“In the old days, some…