Guolian Securities plans to buy a 95.48 per cent stake in unlisted Minsheng Securities, in an acquisition that is expected to make it a top-20 brokerage.
New China Life Insurance and China Life Insurance will each invest US$3.5 billion in the equity fund that will be managed by a joint venture called Honghu Private Securities Investment Fund.
(CTN News) - In an effort to shore up the faltering stock market, two China insurance companies backed by the state intend to pool 50 billion yuan (about $7
China Takes Steps to Boost Ailing Stock Market yicaiglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yicaiglobal.com Daily Mail and Mail on Sunday newspapers.
China has clarified and optimized the fundraising, use and administration of the insurance security fund to strengthen the risk management of insurance companies, guide insurers to establish a better risk prevention mechanism and maintain the steady operation of the insurance sector, experts said.