Zhongrong Life mulling foreign-asset moves

Beijing-based Zhongrong Life Insurance is pondering when and how to make its first investments in foreign assets, after substantial changes in the allocation of its $3 billion portfolio since the start of last year. The firm’s management is very cautious when it comes to alternative and foreign assets, noted Larry Wan, chief investment officer. “We are exploring [doing foreign investments], but it will be a while before we decide to move. “If we try to do any serious investments…