China approves BNP Paribas, Volkswagen joint venture, Prudential insurance unit
HONG KONG (Reuters) – China has approved two more insurance units to be set up by BNP Paribas and Prudential Financial in a move to further open up the local insurance market to foreign companies. China’s National Financial Regulatory Administration (NFRA) has approved the creation of a joint venture between BNP Paribas and Volkswagen Financial…
