Pacific Insurance invests in Shanghai World Expo
(chinadaily.com.cn)
Updated: 2007-08-10 17:13
Updated: 2007-08-10 17:13
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The plan has been approved by the China Insurance Regulatory Commission. It marks the start of the insurance giant's ambitious move toward infrastructure investment and toward indirectly providing funds for World Expo construction through equity investment.
The plan came shortly after the government lifted the ban on insurance funds for infrastructure investment. It focuses mainly on relocation of current residence and premises, as well as new facilities and infrastructure.
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The full text is available in the August Issue ofChina Insurance.
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