Insurance News
- Guohua Life Insurance opens in Shanghai
Date: 27-Nov-2007 Sources: (Shenzhen Daily)
GUOHUA Life Insurance opened in Shanghai yesterday to tap the country's rising need for financial protection.
The Shanghai-based life insurer has registered capital of 300 million yuan (US$40.5 million). Hubei Biocause Pharmaceutical Co., a Shenzhen-listed drug maker, holds a 19.99 percent stake in Guohua Life as its biggest shareholder. Biocause invested 59.97 million yuan in the life insurer.
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