Insurance broker Jiang Tai to list

Jiang Tai Insurance Brokers Co Ltd, one of the country's largest insurance brokers, is expected to float its shares on the Shenzhen Stock Exchange's SME board next year, the company's chairman said.

"We will submit our listing materials to the securities regulator in May next year. If everything moves on smoothly, the company will be listed on the SME board of the Shenzhen Stock Exchange in the second half of 2018," said Shen Kaitao.

Jiang Tai, with an expected commission income of around 900 million yuan ($136 million) this year, will be the country's second listed insurance broker.