Asia’s Leading Investors: Chinese insurers lead AUM growth
Asset owners in China grew their AUM by an average of 27.61% between 2019 and 2020, but insurers grew the most, AsianInvestor’s list of largest asset owners shows.
Chinese insurers topped the list of Asia Pacific firms that showed the most growth in their assets under management (AUM) last year, data compiled by AsianInvestor found.
ZhongAn Online Property and Casualty Insurance and Aeon Life took the top spots, with year-on-year growth of 67.91% and 58.59% respectively. ZhongAn had an AUM of $5.4 billion while Aeon Life was managing $24.8 billion in assets by December last year.
TaiKang Life Insurance, with an AUM of $108.39 billion, took…
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