Li Yunze, the director of the National Financial Supervisory Administration, announced at the 2025 Lujiazui Forum that the China Insurance Asset Management Company has been approved to be established by AIA Life Insurance and Global Life Insurance of the Netherlands in Shanghai. This move is an important manifestation of China’s high-level opening up of its financial sector and will further enhance the confidence of foreign financial institutions in deeply penetrating the Chinese market.
AIA Life Insurance stated that the establishment of AIA Insurance Asset Management Co., Ltd. is a manifestation of its long-term commitment to the Chinese market and a result of China’s financial opening-up. Zhang Xiaoyu, the regional CEO of AIA Insurance, emphasized that this move helps to optimize the matching between the asset side and the liability side, and leverages the role of insurance capital as “patient capital”, thereby better serving the real economy.
Since entering the Chinese market in 2003, the Dutch Global Life Insurance Group has established several joint venture and wholly-owned subsidiaries. This approval to establish an insurance asset management company will accelerate its layout in the asset management market in China. Industry experts believe that the establishment of an asset management company by foreign insurance institutions will help introduce global experience and enhance the professional level of insurance fund management in China.
In recent years, China has continuously strengthened its financial opening-up efforts. In 2022, the “Regulations on the Management of Insurance Asset Management Companies” lifted the restrictions on foreign equity holdings, attracting international institutions to participate in the development of China’s insurance asset management industry. Li Yunze stated that foreign institutions are important participants and contributors to China’s modern financial system construction. In the future, China will continue to optimize its business environment and deepen open cooperation.
Analysts point out that more foreign institutions entering the Chinese market will bring advanced management experience and innovative service models, enhancing the internationalization level of China’s financial market. AIA Life Insurance stated that its asset management company will build a business system adapted to the Chinese market, contributing to the high-quality development of the industry.
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