China Re signs with Sophis, plans third-party asset management
State-owned China Reinsurance is the first mainland insurer to implement a front-to-back-office portfolio-management system, as it looks to diversify its investments.
Are there signs of a trend among Chinese asset managers and institutional investors towards using sophisticated technology for managing their assets?
Beijing-based China Re Asset Management Company (CRAMC) certainly feels this is a necessary step if it is to diversify its investment portfolio and ultimately attract third-party client assets.
The Rmb65 billion ($9.6 billion) institution has become the second mainland China organisation to implement portfolio-management software from …
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