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Article: CHINA LIFE INSURANCE TEAMS UP WITH GENERAL ELECTRIC.
- Article from:
- AsiaPulse News
- Article date:
- September 25, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Sept 25 Asia Pulse - China Life Insurance (Group) Co has forged a strategic partnership with General Electric Co to explore finance and other industries together.
A memorandum of understanding outlining the alliance was signed yesterday in Shanghai.
China Life, the world's biggest insurer in terms of market capital, will pursue overseas expansion opportunities by teaming up with US-based GE, ranked the globe's sixth-biggest company by Fortune magazine.
"The cooperation is a key development for both companies," said Yang Chao, president of China Life (Group) and chairman of China Life Insurance Co Ltd. "We will learn from GE's global ...