NU Online News Service, Dec. 12, 11:15 a.m. – The Chinese government has granted Manulife-Sinochem Life Insurance Co. Ltd., Shanghai, approval to open a branch office in Guangzhou.
Manulife-Sinochem is a joint venture between Manulife (International) Limited, which owns 51%, and China Foreign Economic and Trade Trust & Investment Company, a member of the Sinochem group, which owns the remaining 49%.
Sinochem is a large Chinese foreign trading company. Manulife (International) is a subsidiary of Manulife Financial Company, Toronto.