Chinese insurers tipped to buy more property funds

Chinese life insurers have made their early steps into overseas real estate largely through direct deals – but their strategy is likely to change due to rising competition for prime foreign property and a need to diversify exposure, says Jones Lang LaSalle (JLL). It is getting more challenging for mainland insurers to buy real estate assets on an individual basis, said Alistair Meadows, Asia-Pacific head of the international capital group at JLL. As a result, he argued, they will …