Ping An plans $50b offshore investing in growth push
The overseas investment arm of China's second-largest life insurer aims to rapidly expand international investing and its third-party business, the group's co-CIO told AsianInvestor.
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Ping An Insurance Group aims to increase international investments via its Hong Kong-based overseas investment platform from under $20 billion to at least $50 billion, as part of a larger ambition to expand its offshore fund business to over $100 billion in assets under management (AUM), according to Hoi Tung, co-chief investment officer of the insurer.
Speaking to AsianInvestor in an interview, Tung noted that less than 10% of Ping An Insurance Overseas's $20 billion in AUM is c…
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