China Re Is Weighing Establishing U.S. Operation: Reuters

April 1, 2020

BEIJING, April 1 (Reuters) – China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set up a business entity in the United States, based on its global strategy and the implementation of Sino-U.S. phase one trade deal.

China’s largest reinsurance company, in a comment sent in response to a question from Reuters, did not elaborate on what exactly it was considering to reach a decision on the U.S. entity but said the trade deal was positive for its global footprint.

Based on the phase one deal inked in January, the United States will consider the application from Citic Group, China Re and China International Capital Corp (CICC) for the licensing of operations, as part of opening-up measures to Chinese financial institutions.

(Reporting by Cheng Leng and Ryan Woo; Editing by Muralikumar Anantharaman)

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Latest Comments

  • April 7, 2020 at 1:46 pm
    PolarBeaRepeal says:
    Did AS delete my post? No, so you made a false report in a failed attempt at censorship. Did AS delete YOUR post? Yes.
  • April 6, 2020 at 10:59 am
    Rosenblatt says:
    Glad to see you've still got a job, Andrew (and yes, this is off-topic, so feel free to delete it. Just glad you're still employed!)
  • April 5, 2020 at 10:31 am
    Andrew G. Simpson says:
    A number of you posted off-topic comments on coronavirus politics on this story. They have been removed.

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