China Life to outsource more, add alternatives

China Life plans to continue raising its alternative and foreign allocations and to hand more mandates to external fund managers as it looks to reinvest Rmb500 billion ($72.8 billion) this year. It will also buy more domestic bonds. The largest mainland insurer saw its investable assets grow 7% last year to Rmb2.45 trillion ($353 billion). But its gross investment return fell to 4.56% last year from 6.39% in 2015, mainly due to equity market losses, said vice president Zhao Lijun …