Taikang Life Insurance Co., Ltd., the nation's fourth biggest life insurer, recently took part in a bidding held for an office-building project located at Pudong District of Shanghai on the name of Taikang Asset Management Co., Ltd. The real estate unit of Hainan Airline Group won the bid and acquired the property project for CNY 1.475 billion, or CNY 31,803 per square meter, finally.

Anbang Property & Casualty Insurance Co., Ltd., a Beijing-based property insurer, also participated in a bidding held for a plot of land for residential use in Shunyi District of Beijing recently. The land was acquired by a real estate developer for CNY 5.05 billion after 190 rounds of bidding, finally.

Insurers in the country began stretching out reach to property investment in the name of self-use from 2006 and so far, the capital they injected into the field has reached about CNY 20 billion.