Chi­nese cap­i­tal may seek in­sur­ers

China Daily (Canada) - - NEWS CAPSULE -

The global in­sur­ance sec­tor could be the next tar­get of Chi­nese cap­i­tal.

Since last year, Chi­nese com­pa­nies have an­nounced at least nine M&A deals for over­seas in­sur­ers. The to­tal deal value (both pend­ing and com­pleted) ex­ceeded $8.4 bil­lion, up 280 per­cent from China’s to­tal out­bound in­sur­ance M&A value in 2014, ac­cord­ing to fi­nan­cial data provider Dealogic.

“What we are see­ing now is just the be­gin­ning and such a trend will con­tinue in the fu­ture,”said Wang Guo­jun, an in­sur­ance pro­fes­sor at the Univer­sity of In­ter­na­tional Busi­ness and Eco­nom­ics in Beijing.

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