Allianz becomes China's first JV-developed wholly foreign-owned life insurer

clock • 1 min read
Allianz becomes China's first JV-developed wholly foreign-owned life insurer

Allianz China Life has received regulatory approval to become the first wholly foreign-owned life insurance company in China developed from a joint, it said in statement on 17 November. Allianz China Life Insurance received approval from the Shanghai Regulatory Bureau of the China Banking and Insurance Regulatory Commission to transfer the 49% shareholdings owned by CITIC Trust to Allianz (China) Insurance. On completion, Allianz China Life will become a 100%-owned subsidiary of Allian...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?