Asian stocks are turning in a mixed performance on Friday, after having surged higher in the previous session thanks to the People's Bank of China's unexpected move to cut its reserve requirement ratio for local banks freed up about 2 trillion yuan in liquidity.
New China Life Insurance Co. Ltd. will partner with a unit of China International Capital Corp. (CICC) to set up a $1.4 billion fund to invest in companies with real estate assets, as the state-owned insurer taps the property sector for long-term returns despite a market downturn, reports Caixin. New China Life said it has…
Two Chinese state-owned companies will establish a 10 billion yuan ($1.41 billion) fund to invest in companies with real estate project assets. Under the…
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