The British insurer remains bullish on its private pension business in China while keeping a close eye on the US and global inflation for its investment portfolio.
Tag : citic prudential
As China opens up its insurance asset management companies to wholly foreign ownership and expands their investment capabilities, overseas life insurers anticipate playing a bigger role onshore, especially in the trillion-dollar pension business.
Negative Chinese stock-market performance has hurt domestic mutual-fund returns, with not a single mainland asset manager making a profit in the second quarter.
