Bank of Beijing to acquire insurance arm

"China recently relaxed its financial laws to allow banks to enter brokerage, insurance, and fund management businesses.
Now China-based Bank of Beijing has expressed interest in buying a 50% stake in Chinese life insurance company ING Capital Life Insurance Co from Beijing Capital Group Co.
The two sides have yet to agree terms.
The other 50% of ING [...]" (2008-10-23)
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