CPIC plots buildout of new offshore investment arm
China's third biggest insurer is growing the Hong Kong unit with an eye on more foreign assets, a planned London listing and, ultimately, managing money for external clients.
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Having re-established an offshore investment arm last year, China Pacific Insurance (CPIC) aims to double the number of staff there to 25 within three years to help build up its overseas asset portfolio and, eventually, manage money for third-party clients.
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