The large Chinese insurer is adding investment, sales and operational staff to its Hong Kong asset management unit, reflecting a rising trend.
A senior executive of Taikang Life's in-house asset manager shared the firm's desire to be more proactive when picking private equity investments and managers.
Mainland insurance firms will respond to growing competition for foreign real estate by investing more in property funds and partnering on deals, says Jones Lang LaSalle.
The $63 billion Chinese insurer is mulling whether to seek external managers, with mandates potentially to be issued via its global investment unit in Hong Kong.
Mainland insurers are sizing up the issues they face in ramping up foreign asset exposure. Taikang AM tips them to substantially accelerate such investments in three to four years' time.
The Chinese insurer is set to start awarding overseas mandates in 2014 through its offshore investment arm, which in turn is eyeing the Hong Kong retail market.
Aussie fund manger AMP Capital and China Life joined forces and will set up a fund management company. Analysts say the insurer/fund manager partnership will be fruitful.