国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

China Life to expand overseas presence

By Li Xiang | China Daily | Updated: 2017-11-03 08:07

China Life Insurance Co Ltd, the country's largest life insurer by market share, will invest actively in international markets, seeking greater exposure to assets including overseas stock markets, real estate and infrastructure projects, a senior executive said on Thursday.

Zhao Lijun, the insurer's vice-president, said that China Life remains "positive" on overseas investment and will seek opportunities under the Belt and Road Initiative.

China Life has invested in a string of overseas deals last year including a stake worth 346 million pounds ($452 million) in Aldgate Tower in London as well as the $2 billion stake in Starwood Capital Group's US hotels portfolio.

Meanwhile, the insurer will boost investment in domestic strategic and emerging sectors including healthcare, information technology and logistics, Zhao told reporters at a news conference in Beijing.

China Life will also actively invest in projects related with the reform of country's State-owned enterprises including debt-for-equity swaps to help reduce the debt burden of the SOEs, according to Zhao.

The insurer posted a 98.3 percent increase in net profit in the first three quarters this year, which soared to 26.8 billion yuan ($4.1 billion) due to higher investment income on the back of a rising stock market, it said in a statement.

The insurer has total investable capital of about 2.6 trillion yuan and it will stick to a steady and long-term investment strategy by investing mainly in bonds and stocks while exploring opportunities in alternative assets such as private equities and trust products, Zhao said.

China Life has also set up an investment fund of 12 billion yuan to invest in healthcare and medical industries.

The insurer also teamed up with internet giant Baidu Inc to launch an internet investment fund of 14 billion yuan.

It also tapped into the logistic sector by forming an 8.5 billion yuan fund with e-commerce giant Alibaba Group's delivery arm Cainiao Network Technology Co Ltd. Lin Dairen, president of China Life, said that the insurer will continue to optimize its business and premium structures, expanding sales of protection products and increasing the proportion of its long-term premium income. He added that the insurer will continue to see double-digit premium growth in the coming years.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
双江| 湘潭市| 南澳县| 高唐县| 沛县| 景东| 岳池县| 铜陵市| 津南区| 连州市| 溧阳市| 紫阳县| 宁都县| 西藏| 安阳县| 襄垣县| 大邑县| 绍兴市| 贵南县| 平邑县| 西乡县| 南安市| 江口县| 乌兰察布市| 互助| 万载县| 长宁县| 景东| 武平县| 通江县| 和田县| 珲春市| 廉江市| 永胜县| 木里| 讷河市| 唐河县| 奉节县| 石泉县| 莎车县| 南涧|