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Manulife Expands In China

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Manulife-Sinochem Life Insurance Co. Ltd. will open a sales office in Qingdao, China.

The company, a subsidiary of Manulife Financial, Toronto, is now licensed to operate in 28 cities across China.

Manulife owns 51% of Manulife-Sinochem, a joint venture with China Foreign Economic and Trade Trust & Investment Company, a unit of Sinochem Company, Beijing.