The state-owned insurer explains why it favours equities despite imminent risks, while taking a more cautious stance towards allocating overseas.
Market volatility has resulted in challenges in both equity and fixed-income investments for China's biggest lifer.
What it wants are relatively safe assets with stable income flow, which is probably why it is growing its allocation cautiously.
The largest lifer in China will entrust more assets to external managers while strengthening its performance review processes after net profit plummeted last year.
The largest insurer in China plans to invest more in high-yield stocks after investment returns dragged profit last year. It also outlined new ambitions after its management shakeup.
The biggest lifer in China said it is targeting further property investments as it outlined investment plans after announcing its results for the first six months of the year.