Manulife Financial Corp. moved a step closer to taking full control of its funds joint venture in China after regulators there accepted an application for the ownership change, two sources with knowledge of the matter told Reuters.
The Canadian insurer’s move shows how foreign companies are positioning themselves in China as it opens up its financial services sector - from investment banking to insurance - worth trillions of dollars to international competition. Spokespersons at Manulife Investment Management and Manulife Teda Fund Management declined to comment.The official acceptance of Manulife’s application by the China Securities Regulatory Commission means the Canadian company is “a step closer” to taking full control of the venture and approval could come soon, one of the sources said.A CSRC public disclosure made on May 22 shows it has decided on “whether or not to accept” an application from Manulife Teda to change more than 5% ownership.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iran applies to join China and Russia in BRICS clubSeeks entry to group including India, Brazil, South Africa What it will be, BiRICS, or BRICiS, or, BRICSi BRIiCS.. 🤔
Source: globeandmail - 🏆 5. / 92 Read more »
China reduces quarantine for people arriving from abroadChina on Tuesday announced an easing of its quarantine requirement for people arriving from abroad but stopped short of lifting what remains a stringent COVID-19 policy compared to most other countries. Sounds like Canada. Oh great, because I was, like, totally going to visit China, right after my vacation in North Korea. Chinese government has been the gold standard in the fight against Covid-19. Canada needs to have a serious debate about implementing Chinese culture, while we cannot erase Canada's white European history we can do our best to replace it. Thank you for agreeing with me. 🏳️🌈 🏳️⚧️🇺🇦
Source: CP24 - 🏆 30. / 67 Read more »
Australia commits to Pacific islands defence training as China seeks rival meetingCanberra’s new Pacific minister says Australia to establish a defence school to train Pacific island militaries
Source: globeandmail - 🏆 5. / 92 Read more »
Hong Kong in limbo 25 years after British handover to ChinaWhen the British handed its colony Hong Kong to Beijing in 1997, it was promised 50 years of self-government and freedoms of assembly, speech and press that are not allowed Chinese on the Communist-ruled mainland. 🤡 Growing stronger every day It certainly goes from bad to worse. Read this yet another disturbing case in Hong Kong as the court/regime refuses to tell the defendant what exactly she has been accused of. Just ridiculous. StandwithHongKong
Source: CP24 - 🏆 30. / 67 Read more »
Seoul urges China and Russia to persuade North Korea not to conduct expected nuclear testExperts say North Korea could be planning to deploy battlefield nuclear weapons along its tense border with South Korea
Source: globeandmail - 🏆 5. / 92 Read more »
Canada has been without an ambassador to China for 6 months. What's the holdup?At a time of enhanced global uncertainty and growing Chinese influence, the Canadian government faces mounting pressure to appoint a diplomatic representative in Beijing after the post has sat vacant for six months. The best site for dating! Here everyone will be given :) Free! Norman Bethune is long dead 😂 Trudeau is him
Source: CTVNews - 🏆 1. / 99 Read more »