20 July 2019

Taiping Insurance, Pudong Devt Bank in tie-up, Xinhua says

China Taiping Insurance Holdings Co. Ltd. (CTIH, 0966.HK) and Shanghai Pudong Development Bank Co. Ltd. (SPD Bank) (600000.CN) on Thursday entered into a comprehensive business cooperation agreement in Shanghai, Xinhua news agency reported. CTIH chairman Wang Bin and SPD Bank chairman Ji Xiaohui were both present at the signing ceremony, it said. The areas of cooperation include insurance products distribution, capital settlement, cash management, asset trust, annuity insurance, financial products, electronic commerce, bankcards and overseas projects, the report said.

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