China Life favours equity but wary on foreign assets

China Life Insurance Company is optimistic about the long-term prospects of equities, encouraged by the asset class’s performance in the first half of the year and a recent ruling by regulators to lift the cap on insurers’ equity investments. However, it is cautious about investing overseas. “Over the second half of the year, we are seeing multiple factors favouring the equity market over the long term,” Zhang Di, the head of China Life’s investment management department, said at …