The chairwoman of the insurance business outlined the kinds of mandates the group could consider handing to external managers on the sidelines of a media briefing in Hong Kong.
Han Tongli has raised seed money to set up an asset manager in Hong Kong early next year, while Fosun is now tweaking its structure.
The country's insurance companies are increasingly seeking to invest assets overseas, as they seek higher and diversified returns. It offers international fund houses a big opportunity.
The Chinese investment group plans to buy run-off insurance assets in Europe in the coming year, and is also looking at assets in Japan and the US, CEO Liang Xinjun told AsianInvestor.
The Chinese group plans to award more foreign bond mandates on behalf of its insurance firms. It may also consider infrastructure assets, CEO Liang Xinjun told AsianInvestor.
The firm’s bond CIO favours EM debt, European loans and safe havens for its insurance portfolios. He does not see the Fed raising rates quickly this year, nor the ECB or BoJ cutting rates further.