As Beijing opens up to overseas companies, foreign insurers including Generali and Prudential are in early talks with authorities to enter China's private pensions sector, Reuters reports. Hong Kong-based AIA Group and Manulife Financial are also gearing up for the $1.6trn pensions business in China, people with knowledge of the matter said. Beijing gave approval to the first foreign joint-venture firm to establish a pensions insurance business last month and two of the people said China has been running pilot projects in three provinces involving foreign firms. Those projects end ...
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