HONG KONG, Oct 18 (Reuters) - China has approved two more insurance units to be set up by BNP Paribas and Prudential Financial in a move to further open up the local insurance market to foreign companies.
China's National Financial Regulatory Administration $(NFRA.UK)$ has approved the creation of a joint venture between BNP Paribas and Volkswagen Financial Service, Li Yunze, the head of the regulator said on Friday at a financial forum in Beijing.
U.S.-based Prudential Financial has been approved to set up an insurance asset management firm in Beijing, Li said.
(Reporting by Selena Li; Editing by Christian Schmollinger)
((Selena.Li@thomsonreuters.com; +852 39525868;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。