Huijin buying into New China Life
By Hu Yuanyuan | China Daily | Updated: 2009-11-20 08:08
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The insurance company's premium income stood at 49.1 billion yuan at the end of September. An Xin |
Central Huijin Investment Co Ltd, the domestic arm of China's sovereign wealth fund, is buying a 38.8 percent stake in New China Life Insurance Co Ltd (NCL) from Insurance Protection Fund, the latter said in a statement yesterday.
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