Zhongli and China
1, Zhongli Group has always attached great importance to its business development in Asia. Now Zhongli Insurance Co., Ltd. has branches in Japan, Hong Kong, Singapore and Dubai. Asia is a potentially important region for further developing group insurance business. From the early days, Zhongli Insurance took internationalization as its mission, and studied the possibilities offered by emerging markets such as China with increasing interest. In fact, Zhongli Insurance entered China as early as 19 10. At that time, an agency specializing in fire and water insurance was established in Shanghai. Subsequently, at 1924, Zhongli Insurance gradually expanded its underwriting business to areas outside Shanghai, and set up branches in Beijing, Tianjin, Guangdong and Hebei.
2. 1996, with the gradual opening of China to international investors, Zhongli Insurance set up a representative office in Beijing to collect local market information and started extensive cooperation with China government departments. At the same time, once it obtained the business license, it began to look for local joint venture partners to establish joint ventures. 1997 Zhongli insurance set up its second representative office in Shanghai. The establishment of these two representative offices is the first step for Zhongli Insurance to underwrite risk business in China and directly participate in the insurance market in China.
3.65438+1In March 1999, Zhongli Insurance Co., Ltd. invested 654.38+million US dollars to build a school and a hospital in Malipo County, Yunnan Province, a poverty-stricken area in China. 199865438+In February, Zhongli Insurance Co., Ltd. subscribed for $20 million in global bonds issued by the Ministry of Finance of China in the primary market through Credit Suisse First Boston. 1September 1998 to1June 1999, Zhongli Insurance Co., Ltd. cooperated with the State Development Planning Commission of China to carry out a special study on "Insurance Fund Utilization and Infrastructure Construction".