China Life said to plan insurance fund this summer

Behind the machinations lies a bid by ChinaÆs insurance regulator to influence the capital markets.

Fund managers in Shanghai say The Peoples Insurance Company of China, also known as China Life, is pushing to enter the asset management field and launch a so-called insurance fund before the end of summer.

It is said to be trying to pip the launch of Chinas first open-ended mutual fund, being prepared by Shanghai-based Huaan Fund Management and its offshore partner, JF Asset Management.

The rumour mill in China is churning, and the lack of regulation allows for few certainties. The pieces of information coming PensionsAsias way tie into two previous stories we broke outside of China first, that the government is considering broadening restrictions on what entities may...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222