Cignar-CMC, a joint venture between US-based Cignar and a subsidiary of China Merchants, has been approved by Circ to set up a branch in Jinan, the capital of China’s coastal province Shandong. Early this month Circ also approved a Chubb China branch in Jiangsu, a coastal province neighbouring Shandong. Elsewhere, there has been a series of mainland China insurance firm…

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