Why CPIC Life is taking its time investing overseas
It has yet to pick its external managers, let alone fulfil its QDII quota, AsianInvestor’s Institutional Investment Forum China heard. 'Why?' is a question with broader ramifications.
China Pacific Insurance Company’s (CPIC) life insurance unit is looking at multi-asset strategies for its overseas investments but it's been slow-going so far trying to use up its outbound investment quota due to foreign currency risk concerns.
Its experience reflects broader challenges that could yet hold the key to unlocking the global investment potential of Chinese asset owners.
Having been granted an additional qualified domestic institutional investors (QDII) quota of Rmb…
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