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BR AIA China before AIG's business was sold, after New York Life full divestment from China. BR 4 6, "China Times" reporter from the New York Life headquarters stakeholders confirming, this life insurance market in China, operating a seven-year joint venture life insurance company, its external Fang Gudong New York Life Insurance, has been intentionally 50% equity interest held by or transferred to shareholders of Haier Group, China, though after the news media has been "off by disclosing," but officially announced, also need the approval of CIRC. BR "Foreign insurance giant withdrew from the joint venture, this is not the first. Last year, Manulife Canada , Dutch ING Group, have a joint venture life insurance from their companies to withdraw from, as well as Commonwealth Bank of Australia also intends to increase holdings of BOCOM CMG shares. But as New York Life to withdraw from the case altogether, or the first example of the Chinese market back. However, divestment has become a foreign shareholder group sex, this is an indisputable fact. "April 7, Shanghai, an insurance industry veteran, said when interviewed. BR Haier Group or independent Tam BR Reporter learned from within New York Life, previously served as president of the company's Zhao Xiao Xia early this year leave from the company. In addition, Haier New York Life's senior management team, in addition to CFO, CAO and other specific duties on behalf of foreign shareholders, the executives have been rare figure. It is understood that change of intention on the stock, shareholders have signed a confidentiality agreement, inconvenience disclosed. BR "New York Life Once divestment, Haier Group is bound to worry the life insurance companies alone the future, even though they Haier to find new partners, foreign shareholders pulled out in the present, Chinese banks push into the context of the insurance industry , it can only be set in the country who seek access. "April 8, the insurance industry source said. Why BR for New York Life in business for seven years after the selection and Chinese shareholders, "breaking up", there are media reports of the Haier Group is convinced the full withdrawal of foreign shareholders, because the joint venture life insurance company New York Life who do not see the earnings prospects, Haier Group is very satisfied with the current business situation. BR "It was the Haier New York Life to enter the Chinese life insurance market to persuade the former biggest advantage is its in the country has more than 50 million Users, this is the biggest reason for New York Life and inviting. To operate the foreign party to take the initiative out of the ground, does not seem the most appropriate reason. "Haier New York Life, who declined to be named says the management. BR However, cooperation between the 7-year, Haier New York Life's operating performance has been lackluster is a fact. According to company data, in 2009, Haier New York Life's premium income was 4.58 billion joint-venture life insurance company in all ranks on the list, and its premiums in 2008 is 422 million yuan, a year's premiums increased by only a 30 million yuan. As of last year, Haier New York Life in the country only opened five branches, the last one was in 2007 in Hubei branch was established, a full two-year institutions Haier New York Life stopped laying. BR "Both for the Chinese or foreign parties Haier New York Life, the 50 million consumer electronics users are good potential customers, operating in New York Life over the past 7 years, and did not desire to become better into reality. "The management source said. BR Group divestment "Shanghai sample" BR New York Life to withdraw from the market, not a solitary case. As the concentration of the Shanghai joint venture life insurance, whether foreign or partial divestment full withdrawal, can be found in the Shanghai sample, the change in foreign equity between the Shanghai insurance market has become a battle to the "opera", which is reflecting the positive is a foreign insurance market in China is facing difficulties, as well as joint venture life insurance company has been operating a reluctant dilemma. The e-commerce company in China offers quality products such as China Powerpoint , China Digital MP4 Audio Player, and more. For more , please visit Powerpoint today!
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