Apr 12, 2012
Prompted in part by approaches from Chinese and Hong Kong property companies, French insurer AXA SA's real-estate arm is planning to make its first investment in China this year and hopes to invest €2 billion in the market over the next five years, mainly in major cities such as Beijing and Shanghai.
Germany's SEB Asset Management AG says it hopes to repeat a $400 million investment in Chinese real estate despite the slowdown, with an eye on both residential and office projects in western cities such as Chongqing.
