HSBC Insurance has announced it is buying the remaining 50% stake in its HSBC Life China joint-venture with National Trust. The move by HSBC Holdings will allow HSBC Life China to fully own the company at a time when HSBC is looking to expand its market share across China. The buyout comes 11 years after HSBC Life China was established as a joint venture, and has been made possible by new regulations which came into force in January. China's new rules abolished caps on foreign ownership of securities, futures and life insurance firms. The deal will enable HSBC Life China to ag...
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