AXA on Tuesday became the second foreign insurer in three days to announce plans for a wholly-owned company in mainland China. Photo: Reuters

AXA to pay US$662 million for full control of China joint venture, as Beijing speeds up opening before Xi-Trump meeting

  • AXA Tianping Property and Casualty Insurance Company is currently the largest foreign-owned general insurer in mainland China
  • Opening up of insurance sector to help China bargain when presidents Xi and Trump meet this weekend, expert says
Topic |   Banking & Finance

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AXA on Tuesday became the second foreign insurer in three days to announce plans for a wholly-owned company in mainland China. Photo: Reuters
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