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Market for US landmark buildings risky: China Life

Buying by insurer's competitors have pushed up prices of trophy assets

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Published Thu, Mar 26, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Beijing

    CHINA Life Insurance Co, which is seeking to invest more of its US$362 billion of assets abroad, said the market for US landmark buildings has become risky after buying by its competitors pushed up prices of trophy assets.

    "In some hot-spot regions, landmark properties' prices have already risen quite a lot," Yang Zheng, vice president of China's biggest insurer, said, citing his January visit to the US.

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