Beijing’s CBD skyline by night. Munich Re says its growing level of business in the Chinese capital makes it sensible to expand its operation there, and in Singapore, while its office in Hong Kong will be scaled back. Photo: Thinkstock

Munich Re scaling back Hong Kong presence as part of regional revamp which sees expansions in Beijing, Singapore

Many of the reinsurer’s estimated 50 staff in the city ‘will be offered positions’ elsewhere, says spokesman

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Beijing’s CBD skyline by night. Munich Re says its growing level of business in the Chinese capital makes it sensible to expand its operation there, and in Singapore, while its office in Hong Kong will be scaled back. Photo: Thinkstock
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