CPIC seeking Greater China M&A target, eyes equity assets

Cash-rich China Pacific Insurance Company (CPIC) is looking to acquire an insurance-related business at home or in Greater China as it seeks to inorganically grow. It also wants to deploy more of its assets into A-shares and H-shares, according to chief investment officer Benjamin Deng. “We had looked into several potential deals,” Deng told AsianInvestor. “We would like to stay patient, without rushing, to capture the right target."   Benjamin Deng, CPIC Deng said CPI…