Arm of German insurer Allianz to invest in China’s mega pension company with 2% stake

📆 24/06/2024 13:47:00
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Allianz’s purchase comes two months after it won final approval to launch a 100%-owned fund unit in China catering to onshore retail and institutional investors, and potentially pensioners

Allianz Global Investors , one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China’s pension insurance giant Guomin Pension.

Guomin Pension, jointly launched by China’s largest banks and insurers, was established in 2022 to promote the development of the country’s private pension market.

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