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BIZCHINA / Biz Media Digest |
Insurance: Singaporean JV approved to set up Chongqing unit(Agencies)
Updated: 2007-12-20 15:54 The China Insurance Regulatory Commission said it has given its approval to Great Eastern Life Assurance (China) Co Ltd to set up a branch in Chongqing, in southwestern China. Launched in June 2006, the venture is held 50-50 by Singapore's Great Eastern and the Chongqing Land Properties Group. It booked a premium income of 11.7 million yuan ($1.59 million) in the first 10 months of this year. Great Eastern is a unit of Singapore's OCBC Bank.
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