CPIC Life buying China govt bonds, private equity
The China insurer has tactically increased its allocation to China government bonds as yields rebound, its group CIO said in a webinar hosted by AsianInvestor.
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China Pacific Insurance (CPIC), the parent company of the country’s third-largest insurer CPIC Life, has invested into China government bonds to seek better investment returns and lengthen portfolio duration.
The move has helped to bring about a satisfying financial result, Benjamin Deng, group chief investment officer (CIO) of CPIC, said in a webinar hosted by AsianInvestor in partnership with BNY Mellon on Thursday (October 29).
Benjamin Deng
"This year has turned out …
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