Ping An CIO sees modest returns for Chinese equities in 2024

Ping An Insurance Group’s chief investment officer Benjamin Deng said the insurer expected a "modestly high single-digit return" for the onshore Chinese equity market this year — a market where investors need to be opportunistic. In the long-term, Ping An plans to add investments in domestic private equity, including venture capital (VC) and merger and acquisitions (M&As), as well as multifamily rental housing. In 2024, Deng expected the onshore stock market to recover from …