AIA is among three companies currently exempt from the 50 per cent cap – it has a fully owned subsidiary. Photo: Reuters

Also-rans – 51pc ownership stake unlikely to turn foreign insurance joint ventures into major players

Relaxation of 50 per cent cap after three years will not challenge domestic majors

Topic |   Insurance

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AIA is among three companies currently exempt from the 50 per cent cap – it has a fully owned subsidiary. Photo: Reuters
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