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Circ announces new batch of branch approvals and board changes

Citic-Prudential has been approved by Circ to set up a branch in Shenyang, the capital of Liaoning province. Sunlife Everbright Life Insurance, a joint venture between Canada-based Sun Life Financial and China-based Everbright, has increased its registered capital from Rmb1.5bn to Rmb3bn, making Everbright the major shareholder, holding 50% of the equity. Sun Life holds 24.99%. Additionally, the company appointed…

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