China's insurers push into banking sector: China Life, Ping An lead hunt for assets with higher returns

Article Abstract:

Chinese insurance companies, led by China Life Insurance Company Ltd. and Ping An Insurance (Group) Co., are investing in the banking industry, in response to new investment rules. With Chinese insurance companies now able to compete with foreign investors, prices for bank stakes may increase.

Financial management, INSURANCE CARRIERS, Insurance industry, Company investment, Investments, China Life Insurance Company Ltd., Ping An Insurance (Group) Company of China Ltd.

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ABN Amro seeks strategic stake in Chinese bank

Article Abstract:

ABN AMRO Bank N.V. is seeking a strategic partnership, rather than a specific stake size, with China's Huishang Bank Co. ABN AMRO intends to open an additional six outlets in 2007 to the 14 it currently operates in mainland China, and up to 10 more in 2008.

Commercial Banks, Strategy & planning, Alliances, partnerships, Banking industry, Planning, Netherlands, Alliances and partnerships, Company business planning, ABN AMRO Bank N.V. (Amsterdam, Netherlands)

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