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China Life Insurance opens first Singapore office (Amended)

The subsidiary, named China Life Insurance Singapore, will provide health insurance and renminbi wealth management, among other services

Published Mon, Jun 8, 2015 · 09:50 PM

Singapore

CHINA'S largest life insurance provider China Life Insurance set up its first Singapore office on Monday - its first venture outside the mainland, Hong Kong and Macau.

The company has framed this move as part of President Xi Jinping's "One Belt, One Road" strategy, which seeks to link countries across the Eurasian region.

Known also as the New Silk Road Initiative, it aims to connect an estimated 4.4 billion people and cover approximately US$2.1 trillion in gross production.

Although still in its planning stages - Mr Xi had unveiled the plan only in late 2013 - the project has already secured the support of almost 60 countr…

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