Insurance News
- Ping An HK fund unit picks adviser
Date: 23-Nov-2007 Sources: (Shenzhen Daily)
THE Hong Kong fund arm of Ping An Insurance had hired Mercer to help it select the managers for overseas investments made by mainland investors, the consultancy said Thursday.
The move comes as a growing number of mainland financial firms win approval under the country's Qualified Domestic Institutional Investor (QDII) program to help clients invest abroad. Mercer said Hong Kong-based Ping An Asset Management, a unit of China's No. 2 life insurer, was planning to launch an investment platform through which mainland investors could invest overseas.
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