Wu Xiaohui, chairman of China's insurance conglomerate Anbang, said he eyes a "Strategy 2.0" as the future growth engine of the group.

Wu, in an interview with the Beijing News, said that Anbang’s strategic focus for the next 30 years will be pension and medical care. Wu added that Anbang has achieved its goal-setting version 1.0, and has ranked among the 2016 Fortune Global 500 companies, which is a new beginning in the eyes of Wu.

Anbang is a global insurance company rooted in China, Wu added, and has set its goal version 2.0. It focuses on pension and medical care, including community endowment, intensive care, and home-based care, while aiming to foster more employment, reflecting a social responsibility.

Anbang, established in 2004, has been a high-profile cross-border acquirer since beginning its buying spree in 2014. Its purchase of the landmark Waldorf Astoria Hotel in New York for 1.95 billion US dollars grabbed headlines around the world.