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Offshore institutions swarm China

Chubb Insurance (China) has won approval from CIRC to set up a Jiangsu branch in Nanjing, the capital of Jiangsu province. Manulife-SinoChem also has approval to open a new branch in Tianjin. Shanghai-based Bank of Communications Schroder Fund Management has announced that Qian Wen-hui will replace Peng Chun as chairman of the board. The firm said Peng resigned. Prior to…

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