China Life targets Belt and Road investments

China Life is looking for Belt and Road-related investments to help raise its offshore asset allocation, and has established a Rmb14 billion technology-focused private equity fund with mainland internet giant Baidu, its chief financial officer revealed. Speaking at the company's first half results presentation in Hong Kong on Friday, Zhao Lijun, vice president and chief financial officer (CFO), said it still intends to raise foreign asset investments to the 15% target it originall…