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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. 保險(xiǎn)公司
commercial properties：商業(yè)地產(chǎn)
appreciate in value：增值永票；升值
Acquiring financial institutions：收購(gòu)金融機(jī)構(gòu)
foreign capital ：境外資本
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