AsiaInfo Services - HOME INSURERS PREPARE TO INVEST OVERSEAS

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AsiaInfo Services

01-19-2007

Home Insurers Prepare to Invest Overseas

BEIJING, Jan 19, 2007 (SinoCast via COMTEX) — As the China is to name qualified domestic institutional investors (QDII) in the near future, insurance companies like China Life and Ping An Insurance are preparing for investment overseas.

Winning the green lights from mainland and Hong Kong authorities, China Life Insurance Assets Management Company Limited Hong Kong branch introduced the strategic investor Franklin Templeton Investments, and renamed China Life Insurance Franklin Assets Management Company.

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