Manulife-Sinochem Expands Operations to Additional Two Chinese Cities

Toronto-based Manulife-Sinochem (MSL) announced that the China Insurance Regulatory Commission (CIRC) has approved licences to establish operations in the cities of Linyi and Yancheng. Linyi, with a population of 10 million, is located in Shandong province and Yancheng, with a population of 8 million, is located in Jiangsu province. The licences allow MSL to service these markets with local offices. Manulife-Sinochem is a joint venture company between Manulife (International) Limited and China Foreign Economy and Trade Trust Company (a member of the Sinochem group). The company provides financial and insurance services in China.