Select a page

Banking News

Allianz in China joint venture

Allianz in China joint venture

(China) - German insurer Allianz has been authorised to set up an asset management joint venture with Shanghai based Guotai Junan Securities. Allianz, the first foreign company allowed into the Chinese funds management industry, will own 33 percent of the US$12 million venture.

Other foreign players, such as ABN Amro, BNP Paribas, Fortis, ING and UBS are expected to follow Allianz's path into China.

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.