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皇冠体育app Life to expand overseas investment

(Agencies)
Updated: 2008-05-29 09:34

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皇冠体育app Life Insurance Co, the country's largest life insurer, intends to expand its investment overseas, a senior executive said.

Vice president Liu Jiade made the comment at a shareholders' meeting on Wednesday, the Shanghai Securities News reported on Thursday.

He did not elaborate, but the newspaper said 皇冠体育app Life's chief investment officer Liu Lefei was currently overseas researching potential investments.

皇冠体育app Life has repeatedly said it wants to invest overseas for strategic reasons. Early this year, 皇冠体育app Life executives said several US financial firms had inquired whether the Chinese firm might be interested in buying stakes, but no details of such discussions have emerged.

Liu Jiade also said on Wednesday he was cautiously optimistic about 皇冠体育app's stock market, but that volatility would persist for some time, the paper said.