Wednesday, March 26, 2008

China Life eyes bonds, strategic equities in 2008

China Life Insurance Co <> will increase its investments in bonds this year because of turbulence in financial markets, China's largest life underwriter said on Wednesday.

The insurer said in a report on its annual results that it would also step up strategic equity investments and look for more opportunities in infrastructure.

In addition, the firm said it would explore overseas investments actively but prudently.

China Life on Tuesday posted a 42 percent gain in second-half 2007 profit, topping analysts' expectations due to strong investment returns.

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