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Allianz, China’s first foreign-owned insurer

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Allianz

Germany-based insurer Allianz SE has launched Allianz (China) Insurance Holding Co. as it seeks to expand in the China, Shine reports. Based in Shanghai, Allianz (China) Insurance is the country's first wholly foreign-owned insurer. The subsidiary will help enhance Allianz's strategic and financial flexibility in China.

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