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 .
China's second-largest insurer, Ping An, is to increase and broaden its interests in Japan, investing up to $100m a year in sectors including food, consumer products and services, medical and healthcare through private equity funds. The company also plans to spend $80m to increase its stake in property developer Ascot Corp to 73% as it looks to boost its real estate business in the nation. The move comes even as Chinese authorities clamp 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.