Chinese Life insurance, one of the largest corporate investors in China has moved to outsource management services.

The company has undertaken a three-day search for asset management companies for the outsourcing operation, which is expected to be worth around $3.2 billion.

The outsourcing tender terms offered by Chinese Life are viewed to be very favourable, with assets management companies being offered a 5 per cent management fee and 20 per cent in operational earnings according to the Economic Observer.

The asset management companies will be responsible for multiple Chinese investment projects, with the outsourced program representing a landmark move within the investment market.

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