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HSBC expands insurance business into Beijing

HSBC Life, a 50:50 joint venture between HSBC Insurance Asia and Beijing-based, The National Trust, marked the official launch of its insurance operations in Beijing after receiving a license to offer HSBC insurance products in the city recently. HSBC Life has been operating in Shanghai since August 2009. HSBC’s expanded insurance presence in China will enable HSBC and Hang Seng…

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