Market for US landmark buildings risky: China Life

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.