Foreign-funded Companies to Attend China's Insurance Industry Meeting
BEIJING, February 6 (Xinhua) -- The China Insurance Regulatory Commission (CIRC) Chairman Ma Yongwei has said the sector's national meeting will for the first time include all 32 foreign- funded insurance companies in China.Among the 32 companies, 19 are Sino-foreign joint ventures and the rest are branches of foreign insurers.
According to Tuesday's Beijing Morning Post, Ma said the February 8th meeting is the first national meeting of the industry since China joined the WTO and inviting foreign-funded companies to the meeting is an important step.
Ma said total 2001 national premiums hit 210.9 billion yuan (25.4 billion U.S. dollars up 32.2 percent year-on-year.
The number of Chinese insurers has reached 52.
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