"The Jiangsu province has a population of approximately 65 million and is recognised as the biggest insurance market in mainland China. Access to this market via the new branch opened today, will provide Heng An Standard Life with significant opportunities to grow the business and greater potential for long term growth. "
-Ends-
Notes to Editor
1. Heng An Standard Life was launched by The Standard Life Assurance
Company and Tianjin TEDA Investment Holding Co. Ltd in December 2003, with headquarters
in Tianjin and a registered capital of RMB 1.302 billion.
2. The opening of the Nanjing branch was attended by the Director of Chinese
Insurance Regulatory Commission (CIRC) Jiangsu Province, along with representatives
of the Jiangsu provincial government and Directors of HASL and local banks.
3. Nanjing is located on the South East coast of China and used to be the capital
city.
4. Jiangsu province is one of the most developed coastal areas in Southern China
with a GDP of 1.83 RMB (£130billion).
5. HASL will open sales offices in another 2 Chinese cities, Jinan and Yantai,
this year.
6. The expansion will continue in 2007 with offices opening in further 6-9 cities.
For further information please contact:
Emma Wylie
Public Relations Manager
Tel 020 7872 4154 / 07712486444