Aussie fund manger AMP Capital and China Life joined forces and will set up a fund management company. Analysts say the insurer/fund manager partnership will be fruitful.
Tag : china pacific
One more CIO in China takes the flak for poor investment losses. The management of China Pacific Insurance will assume control of the company's investment strategies from now on.
Write-downs have cost China Life, Ping An and China Pacific Rmb30 billion ($4.4 billion) this year, not withstanding mark-to-market and foreign exchange losses.