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China Life Reinsurance unit authorized to do business in Hong Kong

The Hong Kong Insurance Authority authorized China Reinsurance (Hong Kong) Co. Ltd. to carry out insurance business in or from Hong Kong.

The company was registered in Hong Kong with a registered capital of HK$2 billion and is mainly involved in life and health reinsurance.

China Reinsurance (Hong Kong) Co. Ltd. is a wholly owned subsidiary of China Life Reinsurance Co. Ltd., which is a subsidiary of China Reinsurance (Group) Corp.

China Re said the establishment of the Hong Kong subsidiary would enhance the level of centralized and professional management in its international reinsurance business, as well as serving as a base for growth in Hong Kong and emerging Asia-Pacific.