FTLife Insurance Company Limited has inked a strategic cooperation agreement with China Cinda (HK) Holdings Company Limited and Nanyang Commercial Bank Limited.
The agreement will enable the three parties to explore opportunities to expand business in investment, cross-selling, and financial services.
Regional CEO & CEO of FTLife, one of Hong Kong’s largest life insurers, Lennard Yong said that the synergy would help the company to expand its scope of services, strengthen its distribution and servicing platforms, and generate sustainable and substantial returns for our policyholders.
Cinda Hong Kong is an offshore business platform of its parent company, China Cinda Asset Management Co Ltd, while Nanyang Commercial Bank, a Hong Kong licensed bank also operates 39 branches in 16 provinces and cities in China. It is a wholly-owned subsidiary of China Cinda.