Ping An AM partners QIC in search of more alternatives

The asset management arm of China’s second biggest insurer Ping An has partnered Queensland Investment Corporation, with a view to feeding mainland investors' growing appetite for foreign alternative assets. In turn, Brisbane-based QIC is eyeing China’s bond market. The move comes as Shenzhen-based insurance firm Ping An, like its mainland peers, has been boosting its overseas and alternatives exposure in recent years. And Chinese institutions in general are showing growing inte…