Popular Searches: 　AIG 　china 　sunamerica+aig 　LIFE 　financial 　health
  • Share

PICC: No Plan to Introduce Strategic Investors

 

Tuesday, Oct 20,2009, 8:25:30 PM   Click:

The People's Insurance Company (Group) of China Ltd. was officially established in Beijing on October 19.

The first board will have 11 members and two of them will be from the Ministry of Finance (MoF), said Li Yong, vice minister of the MoF. Supervisor of the supervision board will come from the MoF, too. China SAFE Investment Ltd., a wholly-owned subsidiary of China's USD 200 billion sovereign wealth fund China Investment Corp. will take change of managing their organizational affiliations.

Wu Yan has gained approval from the China Insurance Regulatory Commission, the top Chinese insurance regulator, to act as president and chairman of the newborn. Li Tao and Ding Yunzhou each won a nod from the watchdog to serve as its board secretary and vice president. So far, it has had no plan to introduce strategic investors, get listed or launch mergers and acquisitions overseas, Wu said in an interview.

  • Share
  • Print

You may also be interested in:

Discuss this news

Click Here to see all comments
Please aware of self to obey the Internet related policy laws and strictly forbid to release porn, violence.
Appraisal:

Name:

Email:

Content:

Featured

NEW YORK--(BUSINESS WIRE)-- The National Underwriter Company, the leading publisher of print, e-media and software products for the insurance and financial services industries, announced today the

National Underwriter Company Launches CFO Dialogues

NEW YORK--(BUSINESS WIRE)-- The National Underwriter Company, the leading

NEW YORK--(BUSINESS WIRE)-- The 2009 Travelers Championship will officially begin when Travelers Chairman and Chief Executive Officer Jay Fishman rings the Opening Bell at the New York Stock Exchange

Travelers Championship Officially Begins with Opening

NEW YORK--(BUSINESS WIRE)-- The 2009 Travelers Championship will officially

FARGO, ND - (BUSINESS WIRE) - March 26, 2009 - OptumHealth Inc. announced today that it provides a free help line to people in Minnesota and North Dakota to face the emotional consequences of the

Counseling Help Line Available for People deal with

FARGO, ND - (BUSINESS WIRE) - March 26, 2009 - OptumHealth Inc. announced today

As more and more workers tweet on Twitter or post on Facebook, employers have been slow to establish policies that would protect them from potential liability stemming from their employees'

Getting Burned

As more and more workers tweet on Twitter or post on Facebook, employers have

Copyright M2 Communications Ltd Source: M2 Presswire Wordcount: 417 Rdate: 27032009 Dublin - Research and Markets (http://www.researchandmarkets.com/research/1b4278/indian_pension_fun) has announced

Research and Markets: Indian Pension Fund Market

Copyright M2 Communications Ltd Source: M2 Presswire Wordcount: 417 Rdate:

The AMBG closed Wednesday, Oct. 14, at 843.05 (+2.06%). Of the 15 A.M. Best stock indexes, 14 rose and one declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were Atlantic American

Atlantic American Corp. Leads Wednesday's AMBG as

The AMBG closed Wednesday, Oct. 14, at 843.05 (+2.06%). Of the 15 A.M. Best

WASHINGTON_The insurance lobby won't be able to block a public health plan because most Americans realize they would be better off if the industry had competition, HHS Secretary Kathleen Sebelius

AP INTERVIEW: Sebelius says insurers won't succeed

WASHINGTON_The insurance lobby won't be able to block a public health plan

MOST POPULAR