ING to open Chinese life insurance business
(4th November 2003 – Europe) ING is set to launch a new life insurance business in Beijing within the next few months.
The Dutch banking giant has applied for a licence to begin operating in the Chinese capital, saying it expects the new business to make a profit next year.
The bank also plans to expand its asset management business in China and open another mutual fund in that country.
The bank also plans to expand its asset management business in China and open another mutual fund in that country.
Subscribe