ICBC starts expansion into insurance sector
China Daily | Updated: 2010-10-29 08:07
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The Industrial and Commercial Bank of China's branch in Nanjing, capital of Jiangsu province. Provided to China Daily |
Banking giant buys 60% stake in Paris-based AXA's China arm
BEIJING - Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, will start a major expansion into the insurance sector by buying a 60 percent stake in Paris-based group AXA's China life insurance venture.
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