Fubon Eyes Potential Chinese Life Insurance Venture
The life insurance arm of Taiwan's Fubon Financial and the Chinese Nanjing Zijin Investment Co are gearing up for a joint venture in China's life insurance market. Reports from China estimate that both parties may invest as much as 400 million yuan (US$59.50 million) in forming a new Chinese life insurance company. The move by Fubon will further strengthen its presence on the mainland, which has emerged…