Wealthy Chinese are exploring bigger investments in private assets as they seek shelter from wild swings in public markets, while managers look for revenue streams as institutional investors' interest dwindles; Singapore's GIC and Temasek make new investment forays into India; and more.
Tag : china life
Assets providing a steady stream of income is gaining attraction both in public and private markets, as the current market turmoil nudges insurers to reassess their allocation strategy, insurance executives discussed at AsianInvestor’s Insurance Investment Briefing in Hong Kong.
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AsianInvestor’s list of top 10 Asian investors by AUM remains largely unchanged since last year, with the exception of China Life Insurance, which climbed five places to number nine.
The largest life insurer in the country is continuing to make a longer-term push into bonds and some equities, but remains concerned about the potential for corporate credit defaults.
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.