China’s third-largest insurer will target long-term strategic investments into overseas insurers after its $1.81 billion GDR listing in London, says its group chief investment officer.
The Chinese insurer is targeting various asset classes as it looks to diversify overseas via its new Hong Kong operation, despite market uncertainties.
China's third biggest insurer is growing the Hong Kong unit with an eye on more foreign assets, a planned London listing and, ultimately, managing money for external clients.
Despite headwinds facing the Chinese economy, big asset owners expect mainland private equity to become more attractive, potentially requiring a change in investment approach.
The big Chinese insurer is about to fund its first global multi-asset portfolio, as chief investment officer Ben Deng continues a strategy revamp and eyes more foreign exposure.
It has yet to pick its external managers, let alone fulfil its QDII quota, AsianInvestor’s Institutional Investment Forum China heard. 'Why?' is a question with broader ramifications.