Matthews China Fund Comments on China Life Insurance

Feb 05, 2015

In the fourth quarter, we exited China Life Insurance (HKSE:02628), which has been highly correlated with the A-share market due to its investment exposure in the market. However, its core business in the life insurance sector has lagged behind that of another of our portfolio holdings, Ping An Insurance (HKSE:02318). Given our new capability to invest directly in the A-share market as qualified institutional investors, we exited the position in order to focus on the life insurance industry’s stronger players.

From Matthews China Fund (Trades, Portfolio) Q4 2014 Commentary.

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