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SHANGHAI: Allianz said on Thursday it had obtained regulatory approval to set up China's first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world's second-biggest economy.
HONG KONG: HSBC Holdings Plc agreed to buy the remaining 50% stake in its Chinese life insurance venture as the Communist Party-ruled nation opens its financial markets, a sign Chief Executive Noel Quinn is pushing forward with a business overhaul even as he manages the fallout of the virus outbreak.
KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak said the Economic Transformation Programme now included business events as part of its plan to establish Malaysia as Asia’s business events hub.
KUALA LUMPUR: Malaysia has targeted for business tourism to grow from 5% of total tourist arrivals in 2010 to 8% by year 2020.