The firm outlined its investment plans and macro outlook, while admitting that the coronavirus epidemic will have near-term impact on its investments as markets will be more volatile.
The financial giant plans to complete its intelligent investment platform for ESG this year and hopes the technology can be widely adopted by the industry when it becomes robust.
External managers are obliged to comply with greenhouse gas emission rules, forming part of the Ping An's efforts to lift ESG standards in China.
Its latest technology investment will boost the Chinese insurance group's auto insurance business. But, the VC fund head tells AsianInvestor, further gains are expected.
China's second-largest life insurer also upped its investments in a selective number of stocks, according to its latest interim results.
The Chinese insurer aims to trim a heavy allocation to alternatives, but sees opportunities in some emerging markets and in greenfield infrastructure.