Ping An to focus on cautious allocations as China slows

Ping An Insurance is to take a cautious investing approach because of the state of key Chinese and global economic conditions, the firm’s CIO said. With a trio of key indicators expected to remain low for the foreseeable future, the Chinese insurance giant is to focus on fixed income products and real estate assets to generate a stable income. Timothy Chan, the group’s chief investment officer, said that the “three lows” - low growth, low inflation and low interest rates – meant…