beijing a chinese insurance company has acquired the famous lloyds building a london landmark and home of the worlds leading insurance market for 388 million ping an insurance group bought the 84yearold building from german closedend fund commerz real which had acquired it in 2005 according to londonbased property broker savills ping an insurance group is chinas largest insurer it is a highprofile and confident entry to the market for them and further illustrates the dominance of overseas investors in london at present said jon crossfield director at savills central london team two other chinese companies have announced ambitious realestate purchase plans in london abp china a developer has signed an agreement worth 1 billion to transform the royal albert dock into a business port dalian wanda group another chinese firm is investing 700 million to build a luxury hotel