Liu Lefei, chief investment officer, said the crisis in financial markets was not yet over, but China Life believed the moment to begin making overseas investments was fast approaching.
“We are cautiously but actively looking for M&A opportunities,” Mr Liu said in an interview with the Financial Times. “We have been doing a lot of research and the opportunities are becoming more and more obvious.”
China Life has yet to make any overseas strategic investments, and its investment portfolio is also almost entirely domestic.
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