Posted inChinaChongqingGermanyHong KongWorld

Allianz to become first foreign-controlled insurance firm

Allianz (China) Insurance Holding will become the nation’s first ever wholly-owned insurance holding company by a foreign insurer, according to an official announcement released by the China Banking and Insurance Regulatory Commission (CBIRC), The Paper reported. The CBIRC has given the green light to parent company Germany Allianz Insurance Group to set up a subsidiary […]