The Dutch pension manager expanded its partnership in the Chinese market in 2019. The latest available data shows the portfolio is growing and doing well.
In 2018, the German group got the green light to set up the first wholly foreign-owned insurance firm in China. The trailblazing process has since moved the needle for foreign insurers seeking to set up shop on the mainland market.
With the conclusion of the 20th National Congress, China’s leadership is confirmed for the next five years, allowing investors to assess the potential of the Chinese market.
The Lion City's attraction is growing as an offshore base for mainland asset managers seeking international diversification. At least 25 are said to be eyeing it as an alternative to Hong Kong.
That is over three times the current $817 billion, and this growth will be driven largely by individual investors, as it will be for the funds industry globally, argues consultancy Casey Quirk.
China's insurers will have until December 31 to tweak their asset portfolios to meet new ratios. Foreign-affliated insurers are expected to file reports separately.
As competition heats up in the lucrative mainland television industry, TVB finally has a trump card to show for its past patience and efforts: a cooperation pact with state-owned broadcaster CCTV is about to be sealed.