Top Australian investment manager QIC, signed a Memorandum of Understanding (MOU) with Ping An Asset Management Company (PAAMC), one of China’s largest asset managers, and the deal is set to see colloboration between the two organisations on real estate and infrastructure investments. <br />
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QIC chairman Don Luke said the MOU is seen as a milestone in the relationship between Australian and Chinese investment institutions. This is the first time QIC has entered into an understanding with a Chinese asset management institution.