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12/30/2021, 11:11 AM (Source: TeleTrader)
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HSBC gets approval to take full control of Chinese insurance JV

The China Banking and Insurance Regulatory Commission (CBIRC) gave HSBC Holdings plc approval on Thursday to acquire the remaining stake in its life insurance joint venture in China.

In 2020, the bank announced it will buy the remaining 50% stake in the joint venture from The National Trust Limited.

Baha Breaking News (BBN) / NP