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China's Anbang Insurance reported bidding for central London's skyscraper

(Xinhua)    10:57, July 26, 2015
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BEIJING, July 26 -- Chinese insurer Anbang Insurance has put in a bid to purchase the high-end Heron Tower in London.

A price-tag for the bid has yet to be reported.

The Heron Tower is partly owned by Oman's soverign wealth fund and by members of the Saudi Royal family.

If the Chinese bid is accepted, it would be the second major property investment by Anbang in recent months.

The Chinese insurer purchased New York's iconic Waldorf Astoria Hotel last year.

Analysis suggests Chinese insurers spent around 15-billion US dollars last year on overseas investments.

China Life purchased a tower on London's Canary Wharf for around a billion US dollars this past year.

The Chinese goverment has been actively encouraging state-run companies to make overseas investments in an attempt to diversify their portfolios.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yuan Can,Bianji)

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