August's most read: Ping An to add $7.7bn in real assets; Nippon Life's PRI appointment boosts Japan’s ESG push

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. Ping An is one of China’s largest property investors, with an annual budget of 50 billion yuan ($7.7 billion) for new real assets, 10% of the total it spends on new in…