(Bloomberg) -- Ping An Insurance (Group) Co., China's
second-biggest insurer, plans to buy into emerging-market
financial companies and infrastructure after the government
broadens the scope for overseas investment by insurers.
``We want to diversify risk away from our China portfolio,''
Chief Operating Officer Louis Cheung said at a press briefing in
Hong Kong on June 1. ``Investment channels like long-term
corporate bonds are underdeveloped in China, so putting more
money into overseas holdings will help cover our long-term
liabilities.''
Read more at Bloomberg Emerging Markets News
second-biggest insurer, plans to buy into emerging-market
financial companies and infrastructure after the government
broadens the scope for overseas investment by insurers.
``We want to diversify risk away from our China portfolio,''
Chief Operating Officer Louis Cheung said at a press briefing in
Hong Kong on June 1. ``Investment channels like long-term
corporate bonds are underdeveloped in China, so putting more
money into overseas holdings will help cover our long-term
liabilities.''
Read more at Bloomberg Emerging Markets News
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