Vice president of China Life Insurance (Group) Company revealed that first insurer-controlled fund company China Life AMP Asset Management will start operation from November 6.
China Life AMP Asset Management is sponsored and established between China Life Asset Management and AMP Capital Investors Limited with registered capital of CNY 588 million, 85.03% and 14.97% held by both parties.
AMP is a global financial insurance service provider as well as biggest enterprise pension service provider in Australia, having long-term cooperation with China Life Insurance.
Source:
http://www.sinocast.com/readbeatarticle.do?id=101348
