Beijing expects more international insurance companies to start
business here, Liu Qi, the city's mayor, said at a meeting with
Henning Schulte-Noelle, board chairman of the German insurance
giant Allianz AG.
Beijing's preparations for the 2008 Olympic Games will boost urban
construction and economic development, said Liu, noting that his
administration is considering taking in well-known experts and
counseling companies, including insurance firms, to help with venue
construction, finances and project biddings.
Schulte-Noelle expressed his hope that Allianz, which also
specialized in asset management and investment, will seek more
investment opportunities in China.
Allianz has operated representative offices in Beijing, Shanghai
and Guangzhou since 1994.
(
June 4, 2002)