Three Foreign Insurance Companies Get Nod from China

Home>>Business

Last updated at: (Beijing Time) Saturday, November 02, 2002

Three Foreign Insurance Companies Get Nod from China

Three foreign insurance companies on Friday won approval to operate in China, bringing the total number of foreign insurance companies in the country to 34.

DISCUSSION

CHINESE

SEND TO FRIEND

Three foreign insurance companies on Friday won approval to operate in China, bringing the total number of foreign insurance companies in the country to 34.

China Insurance Regulatory Commission Chairman Wu Dingfu announced Friday that the British-based Standard Life Insurance Company, U.S.-based Liberal Mutual Insurance Group and Japan-basedSompo Japan Insurance Inc. had approval to set up subsidiaries in China.

Standard Life Insurance plans to set up a joint venture with domestic investment company Taida in north China's Tianjin Municipality. Both Liberal Mutual and Sompo Japan will set up affiliated property insurance companies.

Questions?Comments? Click here

First Foreign Life Insurer Starts Business in Beijing

Foreign Insurance Companies Spread China-wide from Shanghai

Shanghai Favored by Foreign Insurance Giants

China Starts Working out Law on Citizen ID Card ( 2 Messages)

China's Largest Compact Disc Plant Operational in Hangzhou ( 2 Messages)

Taiwanese Lawmakers Propose Charter Flights to Chinese Mainland ( 35 Messages)

Top Pick Yao Ming Goes Through "a War" in His NBA Debut ( 2 Messages)

China's First Gold Exchange Opens for Trade ( 3 Messages)