Allianz gets regulatory nod to operate fully-owned venture in China

Pedro Gonçalves
clock • 2 min read

Allianz has received the approval from the China Banking and Insurance Regulatory Commission (CBIRC) to commence operation of China's first fully foreign-owned insurance holding company. Based in Shanghai, the Allianz (China) Insurance Holding Company Limited will support the Germany-based insurance group's growth ambitions in the country. This, Allianz said, will enhance its strategic and financial flexibility to capture business opportunities, increase investment, and drive long-term suc...

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