Chinese insurers record 20% growth in green investment
The country's largest insurer Ping An set up a $62 billion green investment target by 2025. Several more players are also joining the hunt for sustainable assets.
Chinese life insurers have entered the country's green investment industry and should accelerate its expansion from an already impressive growth rate of nearly 20% in 2020, according to a latest industry report on insurers’ green investment trend published by Insurance Association of China on June 16.
The report noted that the entire industry ended up achieving a size of Rmb561.5 billion ($87.2 billion) at the end of the year. It outlined several aspects for insurers’ next move on…
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