Liu thought that the opportunities are emerging and the tendency is basically clear on the overseas market.
China Life has nearly 100 billion yuan of cash in hands, accounting for 10 percent of its total investment asset, said Liu, adding it will invest overseas at a proper time.
The domestic stock market will continue correcting in the next two years, said Liu.
As a result, the insurer has transferred its investment focus to infrastructure and equities in unlisted commercial banks.
Related applications have already been submitted to China Insurance Regulatory Commission for approval, Liu disclosed.
Though optimistic about China's economy, the high-speed growth over the past years has resulted in production surplus in certain industries, which needs 2-3 years to be digested, said Liu.
Besides, overgrowth also caused increase of inventory, which requires 3-6 months to reach a supply-demand balance.
In this process, leading enterprises in certain industries are expected to snatch good chances for acquisitions and restructure, Liu acknowledged.
After selling equity of VISA, China Life has held no overseas investment except for some lock-in H shares. On the domestic market, it has raised the proportion of fixed-yield investment to 80 percent of the total.
Liu deemed that the return on fixed-yield investment is rising when the economy is on the track of interest cut. The yield of insurance companies will also increase after the supervisory authority broadens the investment channels.

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