CPIC eyes range of assets in offshore investment push
The Chinese insurer is targeting various asset classes as it looks to diversify overseas via its new Hong Kong operation, despite market uncertainties.
China Pacific Insurance (CPIC) is pushing ahead with investment into offshore bonds and equities as its plans to diversify overseas are undeterred by the current challenging environment.
The insurer's new offshore investment unit, Hong Kong-based CPIC Investment Management, has three portfolios, for fixed income, equity and alternatives.
The fixed income one invests mainly in US debt issued by Chinese corporates and quality bonds in Southeast Asia, 'CG' Zhou Chenggang, chief exe…
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