皇冠体育app

People's Insurance Company of 皇冠体育app (PICC), the nation's largest insurance conglomerate, is eyeing investment opportunities in economically affordable housing, the company's President Wu Yan said yesterday.

Several insurers are eager to make a similar move after a new law allowing it comes into effect on Oct 1.

Real estate, usually a long-term investment, is a perfect match for life insurers' long-term liabilities.