A logo of Ping An Insurance is seen outside its building in Shenzhen in this February 5, 2013 file photo. REUTERS/Tyrone Siu/File photo Ping An Insurance (Group) Co. plans to invest $100 million a year in Japanese companies as it seeks to diversify its investments outside of China.
China 's second - largest insurer , Ping An , is to increase and broaden its interests in healthcare , investing up to $ 100 m a year in sectors including food , consumer products and services , medical and healthcare through private equity funds . The company also plans to invest $ 80 million to increase its stake in property developer Ascot holdings to 73 % as it looks to boost its real estate business in the nation . The move comes even as Chinese authorities crack down on takeovers by the nation 's insurers . Ping An said it is looking to overseas investments to spread its currency risk as the yuan declines .