Posted inChina

ICBC-AXA Life marks a major first in Shanghai

ICBC-AXA Life opened its wholly-owned asset management subsidiary in Shanghai on Thursday, making it the first insurance asset management joint venture in China after the government announced the further opening up of the insurance industry. The new asset management subsidiary has a registered capital of 100 million yuan (US$14.5 million). It will manage both Renminbi […]