Chinese firms' interest in stakes in Australian insurers grows: Clyde & Co.

Law firm Clyde & Co. L.L.P. said that Chinese firms' interest in acquiring stakes in Australian insurers has more than tripled since the end of 2015, reported The Sydney Morning Herald.

Chinese financial services groups are "looking for minority stakes in good, established players in Australia," said

Chinese firms want to earn seats on established insurers' boards, added Mr. Cripps.

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