Manulife open to "opportunities" for new China unit
The firm may follow Allianz and FWD in setting up a new insurance unit after Beijing's recent relaxation of ownership rules, as asset and wealth managers seek majority local ownership.
Canada’s Manulife may seek to establish a wholly-owned life insurance unit in China, following initial steps by rival firms Allianz and FWD to do so as the country liberalises its insurance industry.
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