China's insurers seek out global investing advice

The need of China’s insurers to invest overseas looks set to swell in the coming year, offering international fund managers a vital potential avenue of opportunity.  In August, Ping An, the country’s second-largest insurance group, told its shareholders that it planned to make foreign assets comprise Rmb120 billion ($17.8 billion) or 7% of its portfolio by the end of this year. It then intends to further increase this to up to  10% in the next three to five years.  It marked the…