PICC buys US$1.6bn stake in Fujian bank

July 14 2015 by InsuranceAsia News Staff

The state-owned People's Insurance Company of China (PICC) has reportedly purchased a stake in the Fujian-based Industrial Bank Co for Rmb10.1 billion (US$1.63 billion).

PICC has informed the Hong ...

Get full access

To view the full article or to get unlimited access to all IAN content and archives of over 5,000+ articles

Already a Subscriber? Please Login

MORE FROM: Capital Markets
Partner Content