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Both sides plan to launch a series of in-depth cooperation in the fields like infrastructure construction, crude oil, natural gas, ocean resources and communications. Apart from boosting the province's insurance market, China Life Insurance Group will take part in the listing, restructuring, mergers and acquisitions of local financial institutions as well as other large-sized companies by then.
China Life Insurance Asset Management Co., Ltd., an asset management unit of the group, also signed a memorandum of understanding (MoU) with Hainan Development Holding Co., Ltd., a local government-backed investment firm, to implement the aforesaid framework agreement. Both parties will also launch an array of cooperation in the fields like land development, industry fund design and establishment, assets consolidation, investment etc.
From www.nbd.com.cn, Page 1, Thursday, July 31, 2008 info@SinoCast.Com
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