Central Huijin Investment plans to buy a 38% stake in New China Life Insurance
Posted on 04/02/2009
Caijing reports that, “Central Huijin Investment Ltd., an arm of sovereign wealth fund China Investment Corp, will buy a 38% stake in New China Life Insurance Co. from the China Insurance Regulatory Commission (CIRC). A person close to shareholders of New China Life, China’s fifth-largest insurer, told Caijing that the acquisition was approved by the […]
