China Life to boost global exposureNovember 6 2017 by InsuranceAsia News Staff
China Life intends to be more visible internationally over the next few years as it embarks on a campaign to expand its global presence.
According to the company’s vice-president Zhao Lijun, China Life will invest actively in overseas markets to seek a greater footprint, particularly in equity markets abroad, as well as real estate and infrastructure projects.
Zhao said the insurer is confident on overseas investment and will also find opportunities under the Belt and Road Initiative.
Last year, China Life poured money into a series of overseas deals that included a stake worth £346 million (US$452 million) in Aldgate Tower in London.
It also invested US$2 billion in Starwood Capital Group’s US hotels portfolio.
Domestically, the insurer is now looking at improving its presence in strategic and emerging sectors like healthcare and information technology and logistics.
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