China Life Insurance’s chief investment officer said the firm will focus more on bond investments and reduce stock holdings this year to be better prepared for possible interest-rate increases to fight inflation, Bloomberg reported. Liu Lefei said at a press briefing in Hong Kong that the firm’s outlook "isn’t optimistic," though, due to its non-equity investments, "investment income will remain relatively stable." It will also look for opportunities to invest in high-yielding bonds, such as government and corporate paper, Lei added. China Life invested US$300 million in Visa’s IPO in New York earlier this month.
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