Ping An plans $14m in investments

Ping An Insurance announced plans to spend over US$14 million on investments in infrastructure, property and private equity over the next three years, the South China Morning Post reported, citing the Shanghai Securities News. The plans follow an announcement by the China Insurance Regulatory Commission in April increasing insurers’ investment options to include banks, real estate and infrastructure. Ping An, China’s second-largest insurer, also recently started its first private equity fund for domestic investors, aimed at pre-IPO investments.