Allianz targets Chinese real assets despite Evergrande

Evergrande’s near bankruptcy has done nothing to dent Allianz’ appetite for property and other real assets in China, according to two of its senior executives. “Evergrande has not changed our long term view. We think this is an organised plan, [Beijing] had the three red lines policy and they are implementing it,” Rushabh Desai, CEO of Allianz Real Estate’s Asia Pacific business told AsianInvestor. The government’s three red lines policy limits the amount of annual new borrowing f…