Bank of China Group to establish insurance company in Shenzhen

Overseas reports cited a high-profile official from the Bank of China as saying that the bank will get the nod from the China Insurance Regulatory Commission to conduct insurance business in Shenzhen in the coming several months and an insurance company is expected to set up in Shenzhen within this year. If the relevant plan is approved by the Chinese authority, it means that domestic finance and foreign financial institution policies tailored for China's

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