GUANGZHOU, November 23, SinoCast -- With more support from government agencies to insurance industry, many investors are rushing in. On November 22, Evergrande Real Estate declared presence for Evergrande Life Insurance, which came from Great Eastern Life Assurance (China) after merger, covering life, health and accident insurance, being a national big life insurer.
On September 18, Evergrande Real Estate spent CNY 3.939 billion acquiring a 50% stake in Great Eastern Life Assurance (China), rising 145% from listing price of CNY 1.603 billion. On November 21, China Post and Evergrande Real Estate inked cooperative agreement to team up in insurance, Internet, marketing network, express delivery and logistics as well as rural e-commerce. China Post has widest operational network in China to support selling insurance products and harvesting premium income.
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