State-controlled China Life Insurance is looking to expand in Southeast Asia and its plans appear studiously designed to avoid the political missteps that have tripped up peers such as Anbang Insurance.
The country’s biggest life insurer is seeking the halo effect of aligning its overseas strategy with President Xi Jinping’s plan to expand trade, dubbed the Belt and Road Initiative.
Hung Wong, general manager of strategic planning at China Life Insurance Overseas said his company was actively looking to grow, particularly in Malaysia, Indonesia and Thailand.
“In terms of our expansion strategy, we are taking a very measured pace, we...
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