More Chinese insurers expected to set up AMCs next year

Dec 21, 2010

The approval of Sino-Life’s subsidiary signals that more such entities will be launched in 2011, with three firms rumoured to have applied already, says consultancy Z-Ben Advisors.

China is expected to allow more insurance firms to set up asset management subsidiaries next year after regulators ended a five-year hiatus by approving such a move for Sino-Life last week.

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