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Insurer pays $950m to get 95% stake in commercial realty projects

Chinese leading insurer China Life Insurance (Group) Co said on Tuesday it is buying 48 commercial properties in the United States with total value of $950 million.

Chinese insurers preferred to invest in real estate projects because they have the potential to appreciate in value and are easy to cash out. Acquiring financial institutions is also a popular strategic move

We're seeing more and more foreign capital coming into secondary and tertiary markets all across the country

insurer：n. 保险公司

commercial properties：商业地产

appreciate in value：增值；升值

Acquiring financial institutions：收购金融机构

foreign capital ：境外资本

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