Ping An to add $7.7bn in real assets despite China property headwind

China’s Ping An Insurance is pressing ahead with adding positions in real estate and infrastructure investments, despite net profits dropping by $3.2 billion because of exposure to a troubled domestic property developer in the first half of 2021. The Shenzhen-based insurance leader sees stable dividends and rent income from real assets as a key strategy for generating return and matching liabilities amid a continuous low-yield environment. Xie Yonglin Target assets inclu…