Ping An Insurance Group has about RMB16 billion (US$2.5 billion) of deals abroad in the works for 2015, boosting overseas assets as the company expects total investments abroad to rise to as much as RMB50 billion by year-end upon full payment, up from about RMB33 billion currently, Bloomberg reported, citing the company’s chief investment officer, Timothy Chan. More than 10 billion yuan of the new deals are property-related, including two real estate projects in the UK and a US$650 million asset-backed-securities project in the US, he said, while declining to name targets.
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