ING Capital JV expands into Beijing

Sep 1, 2004

The life insurer receives approval from the China Insurance Regulatory Authority to set up a branch office in the capital.

In a sign of the rising competition in China's life insurance market, ING has set up a branch office in Beijing. Despite speculation that the high capital requirements might put insurers off, ING Group chairman Michel Tilmant insisted that ING Group was focused on expanding its China operations.

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