China Life plans for more global mandates
China's largest life insurer is in talks with foreign managers over raising its overseas exposure as it considers further outsourcing. Other insurers could follow suit, as the move reflects a growing trend in China.
China Life is in discussions to issue more overseas mandates this year, the insurance company’s president said.
The largest Chinese life insurer also plans to increase its exposure to overseas investments, which the firm said was important given China’s slowing growth.
The insurer will also follow the Chinese insurance industry trend of investing more in alternatives, including private equity.
Announcing its annual results this week, China Life said its investment portfolio gr…
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