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HSBC Life China approved to be fully foreign-owned - China Finance News
Finance

HSBC Life China approved to be fully foreign-owned

AIA got the nod from industry regulators to convert its Shanghai division into a wholly owned subsidiary of AIA Co in June 2020. In November this year Allianz China Life Insurance...
Allianz China Life goes wholly foreign-owned - China Finance News
Finance

Allianz China Life goes wholly foreign-owned

Allianz China Life Insurance announced it has received regulatory approval to become the first wholly foreign-owned life insurance company on the Chinese mainland.
China sees wider financial openness and deeper reform - China Finance News
Finance

China sees wider financial openness and deeper reform

China has also been enticing foreign insurers. Germanys Allianz and Frances AXA received approvals in November 2018 to expand their footprints here.
Council meeting deepens collaboration with international counterparts - China Economy News
Economy

Council meeting deepens collaboration with international counterparts

Michael Diekmann chairman of the Supervisory Board of Allianz SE served as the chairman of the council and hosted the conference.
Financial assets of Chinese households grow quickly amid COVID-19, report finds - China Finance News
Finance

Financial assets of Chinese households grow quickly amid COVID-19, report finds

Despite the crisis private households gross financial assets increased by 13.6 percent in 2020 after a 10.3 percent rise in 2019 according to the latest Allianz Global Wealth Report.
A first for foreign-owned insurance asset management companies on mainland - China Finance News
Finance

A first for foreign-owned insurance asset management companies on mainland

Allianz Insurance Asset Management Company has become the first fully foreign-owned insurance asset management company on the Chinese mainland.
Shanghai seeks global investment with US$74.9 billion projects signed at promotion conference - China Economy News
Economy

Shanghai seeks global investment with US$74.9 billion projects signed at promotion conference

Four corporate executives Michael Diekmann of Allianz SE Stephen Schwarzman of Blackstone Zhang Lei of Hillhouse Capital and Shen Nanpeng of Sequoia Capital are Shanghai Global...
Optimism but concern as ship stuck in Suez - World News
World

Optimism but concern as ship stuck in Suez

A study published on Friday by German insurer Allianz said the blockage could cost global trade US 6 10 billion a day shaving off some 0.
Allianz China Life to be 100% foreign-owned - China Company News
Company

Allianz China Life to be 100% foreign-owned

Allianz China Life Insurance is to become a wholly owned subsidiary of Allianz China Insurance Holding after the signing of an equity transfer agreement with CITIC Trust on Friday.
Allianz announces asset management approval - China Finance News
Finance

Allianz announces asset management approval

Allianz (China) Insurance Holdings has received regulatory approval for the preparatory establishment of the Allianz Insurance Asset Management Co Ltd.
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