Insurance business

   Date:2008/03/07     Source:

STANDARD Chartered Bank expects bancassurance business to account for 30 percent of its wealth management business in China by 2010 as the bank seeks more financial protection products in building wealth management portfolio for clients. The bank yesterday teamed up with Allianz China Life Insurance to offer a pension insurance product for its clients. The products will be firstly introduced to Shanghai and Guangzhou.

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