Prudential starting to 'turn the corner' on China pension business

Prudential is bullish about investment grade bonds, Japan equities and long-term assets such as private equity and infrastructure amid expectations of rate cuts in the US. The Hong Kong-based life insurer is also "cautiously optimistic" about its insurance and pension business in China, which it expects will hit its annual 5% growth target. "We are encouraged by China reaching its growth targets, and we have an eye on the US and the inflation environment,” said Prudential’s chie…