NU Online News Service, Sept. 28, 2004, 3:17 p.m. EDT
Prudential P.L.C., London, is setting up another life insurance joint venture in Suzhou, China.[@@]
The British Prudential, which has no connection with Prudential Financial Inc., Newark, N.J., is working with CITIC Group, Beijing, a diversified holding company to start the venture.
Prudential and CITIC already have a life insurance joint venture in Guangzhou.
CITIC Prudential offices in China now have more than 6,000 employees and agents, Prudential says.