China Life unveils approved M&A look; tackles new risks

Belt & Road is the new M&A catch phrase as insurers seek to appease regulators. But new traps await the unwary even in “approved” countries.

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...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222