Ping An plans to buy more Chinese real assets

Ping An, China's second-largest insurer, intends to raise its exposure to domestic real assets to both tap a government initiative to build infrastructure and take advantage of such investments’ long duration for better asset-liability management. “We will be looking at newer types of real estate and infrastructure assets. Healthcare and public rental housing assets ... are some of the areas the government is currently focused on developing. We will also be gradually increasing ou…