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...
