CHINA LIFE MULLS REAL ESTATE INVESTMENT

China Life Insurance Company is mulling a Yuan80bn investment in the country’s property market, local reports suggest. According to China Times, the insurer has tasked a unit to investigate opportunities in the domestic housing market as it looks for alternatives to stock market investments. The insurer’s investment arm, China Life Asset Management, had already indicated that it was planning to broaden its investment channels in the face of uncertainties in the bond and stock markets. China Life has seen its income from equity investments slump this year on the back of weaker stock market performances.