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5 months ago
China Life Insurance will increase alternative, fixed-income investments in 2017
March 24, 2017 / 4:40 AM / 5 months ago

China Life Insurance will increase alternative, fixed-income investments in 2017

BEIJING, March 24 (Reuters) - China Life Insurance Co Ltd will increase alternative and fixed-income investments in 2017, a vice president said on Friday.

It will also maintain a "prudent" approach to stock market investments this year, said Zhao Lijun at a press conference in Beijing.

China Life reported a lower annual profit on Thursday for the first time in four years, saying interest rates had dragged down investment income by more than a fifth.

Reporting by Shu Zhang and Engen Tham; Editing by Randy Fabi

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