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00:21
Italian insurance giant eyes expansion in China
STORY: Italian insurance giant eyes expansion in China
SHOOTING TIME: Jan. 11, 2024
DATELINE: Jan. 13, 2024
LENGTH: 00:00:21
LOCATION: Rome
CATEGORY: ECONOMY
SHOTLIST:
1. various of Generali's logo
2. various of Italy
3. various of China
STORYLINE:
Italian insurance giant Generali's plan to buy out its China-based joint venture is part of a wider strategy to gain market share in China, a company official said.
Generali announced it would pay around 108 million U.S. dollars to acquire the 51 percent share in Generali China Insurance Company Limited.
"China is a large market, and one Generali intends to continue focusing on," a Generali communications official told Xinhua Thursday.
According to its statement, Generali's investment will build on China's environmental commitments to expand its "green business insurance" portfolio.
Xinhua News Agency correspondents reporting from Rome.
(XHTV)
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