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Allianz Insurance Asset Management Receives Approval to Become First Wholly Foreign-Owned Insurance Asset Management Company in China
Allianz (China) Insurance Holdings Co., Ltd. has announced that the China Banking and Insurance Regulatory Commission (CBIRC) has approved Allianz Insurance Asset Management Co., Ltd to be the first wholly foreign-owned insurance asset management company in China, with a registered capital of RMB 100 million, headquartered in Beijing.
Allianz Announces Its Sustainability Performance 2020 & New Guidelines for Coal-Based Business Models
Allianz Group has released its 20th Sustainability Report, outlining its environmental, social, and corporate governance achievements in the fiscal year 2020, as well as its sustainability strategy and targets.
Allianz China Life to Become Wholly-Owned Subsidiary of Allianz China Insurance Holding
Allianz (China) Insurance Holding Co., Ltd. (AZCH) and CITIC Trust Co., Ltd. (CITIC Trust) have signed an equity transfer agreement for AZCH to acquire 49 per cent of the shares of Allianz China Life Insurance Co., Ltd (AZCL) from CITIC Trust. After the transaction, AZCL will become a wholly-owned subsidiary of AZCH. The transaction remains subject to local regulatory approval.