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  • August 29, 2014
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  1. Bank of China turns focus to life insurance market

    Posted Dec 14th 2007, 12:00am by Staff Reporter

    ... Maria Chan BOC lured towards more income, larger revenue streams The Bank of China has set its sights on the mainland's lucrative life insurance market, with a possible eye towards ... achieve its goals either though acquisitions, forming its own life insurance company, or working with other life insurers on the mainland. 'We are considering all of these and hope we can ...

  2. China Life seeks alliance with lender

    Posted Mar 01st 2006, 12:00am by Staff Reporter

    ... the alliance. CCB's Shenzhen branch in January began an exclusive agreement to sell Ping An's protection-type policies through insurance consultants, an experiment that may be expanded. ... Bei Hu The insurer is in talks over the sale of a strategic stake to CCB in an effort to diversify financial services China Life Insurance has approached China Construction Bank (CCB) ...

  3. Business - Money - MYSTERY SHOPPER

    A split decision for the Bank of China

    Posted Jul 01st 2013, 12:00am by Nicky Burridge

    ... Marks are lost on advice relating to insurance but recommendations on investment get the thumbs-up As part of a series to test the quality of the financial advice being given by Hong ... the mystery shopper did not have an account with Bank of China, and the bank said it would only sell insurance and investments to those who did. The adviser said he was happy to talk about ...

  4. Japan tours to resume despite nuclear fears

    Posted Apr 06th 2011, 12:00am

    ... until the end of the month. Meanwhile, insurers are warning travellers to study their insurance plans carefully before setting off. Paul Law Siu-hung, president of the International Professional Insurance Consulting Association, said most travel policies provided by local insurance firms covered personal injuries and property losses. But they included exemptions for losses caused ...

  5. Europeans eye HK banks for mainland expansion

    Posted Jan 07th 2008, 12:00am by Enoch Yiu

    ... Maria Chan and Enoch Yiu European financial firms are likely to snap up stakes in more Hong Kong mid-sized lenders and insurers as a stepping stone to expand on the mainland and Asia ... Insurance International, the Belgium- and Netherlands-based financial firm, spent HK$3.5 billion last year to take over the entire 50.48 per cent stake in Pacific Century Insurance from Richard Li ...

  6. Mainland insurer calls for adviser in flotation

    Posted Feb 17th 2006, 12:00am by Staff Reporter

    ... Bei Hu and Fiona Lau China Pacific Insurance Group, the nation's third-largest insurer, has set in motion preparations for an up to US$1 billion initial public offering in Hong Kong, ... that may one day materialise as an underwriting mandate. China Pacific Insurance is trying to further boost its capital base to support business growth after recent deals to sell 24.9 per cent ...

  7. Markets cheer boost for insurers

    Posted Jul 13th 2007, 12:00am by Nevin Nie

    ... Nevin Nie Mainland stocks climb on report cashed-up firms can double investments in equities Mainland stocks climbed yesterday on reports the nation's cashed-up insurance giants China Life Insurance and Ping An Insurance have been given approval to double investments in the equity market. The benchmark Shanghai Composite Index gained as much as 1.55 per cent before closing ...

  8. Big stakes in lenders by insurers will need approval

    Posted Jun 13th 2006, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai Chinese insurers which want to buy more than 5 per cent of domestic banks will need regulatory approval, according to the chairman of the China Banking Regulatory Commission. Speaking at a business symposium yesterday, Liu Mingkang said some insurance firms had applied to set up banking subsidiaries. To qualify, they would have to meet certain ...

  9. BOCHK to pay $900m for life insurance unit

    Posted Apr 12th 2006, 12:00am by Staff Reporter

    ... Maria Chan BOC Hong Kong (Holdings) has agreed to pay its parent company $900 million for a majority stake in a life insurance unit as the bank implements the first stage of its plan ... and enhance our profit margin,' Mr Lam said. 'As we have a customer base of 2.5 million, there is a lot of room for developing wealth management business and life insurance is a key ...

  10. BOC seeking to buy insurance unit

    Posted Mar 24th 2006, 12:00am by Staff Reporter

    ... Maria Chan Bank outlines plan to be full financial services group after record profit BOC Hong Kong (Holdings) is in talks to buy the life insurance business from its parent firm. It may ... to expand into life insurance, asset management and stockbroking by building up new capabilities or acquiring from outside. He said the bank was in talks with its parent firm to acquire a majority ...




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