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Allianz gets approval to set up insurance asset management firm in China

By Reuters Staff
2 Min Read
SHANGHAI, Jan 28 (Reuters) - Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world’s second-biggest economy.
The greenlight from the China Banking and Insurance Regulatory Commission (CBIRC) comes a month after the signing of China-EU Investment Agreement, which promotes cooperation between China and the European Union.
It also comes as China has fully opened up its giant financial sector, and is stepping up efforts to attract foreign investment amid tensions with the United States. ....

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China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing

China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing
By Samuel Shen and Andrew Galbraith | January 28, 2021
SHANGHAI Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world’s second-biggest economy.
The greenlight from the China Banking and Insurance Regulatory Commission (CBIRC) comes a month after the signing of China-EU Investment Agreement, which promotes cooperation between China and the European Union.
It also comes as China has fully opened up its giant financial sector, and is stepping up efforts to attract foreign investment amid tensions with the United States. ....

United States , Samuel Shen , Andrew Galbraith , Allianz Insurance Asset Management Co , European Union , Allianz China Insurance Holdings Co , Insurance Regulatory Commission , China Banking , Insurance Asset Management , Allianz Chinese , Allianz Global Investors , Rashmi Aich , ஒன்றுபட்டது மாநிலங்களில் , சாமுவேல் ஷென் , ஆண்ட்ரூ கல்பிரைத் , அலையன்ஸ் காப்பீடு சொத்து மேலாண்மை இணை , ஐரோப்பிய தொழிற்சங்கம் , அலையன்ஸ் சீனா காப்பீடு ஹோல்டிங்ஸ் இணை , காப்பீடு ஒழுங்குமுறை தரகு , சீனா வங்கி , காப்பீடு சொத்து மேலாண்மை , அலையன்ஸ் சீன , அலையன்ஸ் உலகளாவிய முதலீட்டாளர்கள் , ரஷ்மி ஐச் ,