Insurance companies expanding overseas
By Hu Yuanyuan | China Daily | Updated: 2016-03-14 08:05
With the rapid development of China's insurance sector, an increasing number of insurers are expanding overseas.
Efforts include setting up subsidiary companies, acquiring international insurance companies, buying properties around the world and providing insurance services for Chinese companies that are going global.
China Life, the country's largest insurer, is planning to launch a subsidiary in Malaysia this year, the company's former chairman Yang Chao told China Daily on Saturday.
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