NGS Super strengthens investment team; China's PICC promotes Zhang Jinhai to vice president; AustralianSuper relocates PE head to New York; State Street appoints new Korea head; Allspring opens Tokyo office with new hire; T. Rowe Price bolsters Asia institutional business with new hire; Ageas hires Christian Choi as regional director; China VC fund leader becomes HSBC board member; Malaysia's Mavcap hires new CIO; Colliers Apac IT director; Singapore's HG Exchange appoints chairman.
The parent company of the biggest non-life insurer in China said in its earnings announcement that it favours local government bonds and onshore equities.
The insurance firm's president says it aims to get into micro lending and that many of its peers are mulling similar moves, amid government backing for 'inclusive finance'.
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.
Amac unveils 25 new memberships to include private equity players, insurers and securities firms. Regulations are being eased to allow such houses to start fund management businesses.
This aggressive expansion into fund management may give PICC a head-start over rival mainland insurers China Life and Ping An.