China Life Insurance, 10 other state-owned insurers establish $4.9bn equity fund

China Life Insurance and 10 other state-owned life insurers, together with one state-owned fund manager, have established a massive equity investment fund worth CNY33.9 billion ($4.9 billion). The fund’s purpose may serve to dispose of financial institutions’ risks, according to a report by the Securities Times on April 24. Aside from China Life Insurance, other … Read more