Chinese Billionaire’s Taikang Insurance Eyes New U.S. Investments - Commerce and funding underpin the connection between the U.S. and China, and Taikang Insurance coverage, one in every of China’s largest insurers, is eyeing new investments in each, Taikang’s billionaire chairman Chen Dongsheng mentioned at a press convention in New York on Wednesday.
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| Chinese Billionaire’s Taikang Insurance Eyes New U.S. Investments |
“With out commerce and funding,” Chen mentioned, U.S.- China mutual advantages and improvement “don't have any basis,” mentioned Chen, who can be Taikang’s founder and CEO. He's price $3.7 billion on the Forbes Actual-Time Billionaires Checklist in the present day.
Chen spoke briefly on the Chinese language Consulate in New York as a part of a U.S. journey this week by a bunch of 30 mainland guests to advertise people-to-people ties between the 2 international locations. Members of that group additionally embody NBA star Yao Ming, billionaire Cao Dewang, chairman of Fuyao Glass, and Zhu Min, former deputy governor of China’s central financial institution. (See associated submit.)
Based in 1996, Beijing-headquartered Taikang Insurance coverage Group is one in every of China’s greatest monetary companies establishments with greater than $200 billion in belongings underneath administration.
Underscoring Taikang’s relationship with worldwide traders, Chen famous that 24.9% of its possession is held by international shareholders, together with Goldman Sachs. Taikang, apart from insurance coverage, invests in healthcare and retirement care; it has invested within the U.S. in these industries, Chen mentioned.
Taikang is interested by rising its publicity within the U.S. sooner or later, and welcomes American corporations in China in these industries, Chen mentioned.
Chen is member of the board of administrators at China smartphone maker Xiaomi, and has served because the chairman and normal supervisor of China Guardian Auctions. Earlier in his profession, he was deputy editor of the Administration World month-to-month, printed by the Growth Analysis Heart of the State Council of China.
#Chinese language #Billionaires #Taikang #Insurance coverage #Eyes #Investments
#Chinese #Billionaires #Taikang #Insurance #Eyes #Investments