Warning: You are using an outdated Browser, Please switch to a more modern browser such as Chrome, Firefox or Microsoft Edge.

Allianz China Insurance Holding receives approval to set up the first wholly foreign-owned insurance asset management company in China

Allianz (China) Insurance Holdings Co., Ltd. (hereinafter AZCH) has today announced it has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) of the preparatory establishment of Allianz Insurance Asset Management Co., Ltd. (hereinafter Allianz IAMC).

Allianz IAMC is the first wholly foreign-owned insurance asset management company in China approved for preparatory establishment after the completion of the China-EU Investment Agreement on December 30, 2020. It will also be the first wholly foreign-owned insurance asset management company in the history of the industry once established in Beijing. The approval of Allianz IAMC preparatory establishment has benefited from the recent measures of China to further open up and encourage foreign insurance companies to invest more in China.

The preparatory establishment of Allianz IAMC, via the platform of AZCH, is a critical strategic move for Allianz Group to enter into the Chinese asset management market, which also demonstrates the strong confidence and long-term commitment of Allianz Group to the China market. As a key component of Allianz’s strategy in China, AZCH will carry out the preparation works of the IAMC preparatory establishment in accordance with Chinese laws and regulations.

On the back of Allianz’s global investment platform and century-old international experience in financial risk management, Allianz IAMC will locally build a professional investment management team, which adheres to the Group’s long-term investment methodology to better serve its clients’ global asset management needs. Allianz IAMC aspires to become the most reliable foreign insurance asset management products and services provider in China.

AZCH is the first wholly foreign-owned insurance holding company in China invested by Allianz Group. It received approval from CBIRC last December to inject another RMB 1.2 billion capital, and Allianz Group is still the sole shareholder after the capital injection.

About Allianz China Insurance Holding

Allianz (China) Insurance Holdings Co., Ltd. is the wholly-owned insurance holding company of Allianz Group, and is also China's first wholly foreign-owned insurance holding company. Allianz China Holdings owns 51% of Allianz China Life Insurance Co., Ltd. AZCH will continuously develop the existing property and life insurance business, and also plans to leverage Allianz Group's professional experiences in insurance asset management, pension, reinsurance, insurance brokerage, credit insurance, insurance technology, and introduce foreign market innovation experience to fill the gaps in the domestic market.

About Allianz in Asia

Asia is one of the core growth regions for Allianz, characterized by a rich diversity of cultures, languages and customs. Allianz has been present in the region since 1910, when it first provided fire and marine insurance in the coastal cities of China. Today, Allianz is active in 14 markets in the region, offering its core businesses of property and casualty insurance, life, protection and health solutions, as well as asset management. With its more than 36,000 staff, Allianz serves the needs of more than 21 million customers in the region across multiple distribution channels and digital platforms.

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 785 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.8 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.

Press contacts

Nora Xu
Allianz China
Sean Ottley
Allianz Singapore
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

Further information

AllianzGI accelerates its sustainable investment drive

AllianzGI, one of the world’s largest active investment managers, has announced that 74 of its equity, fixed income and multi-asset funds will join its current sustainable investment offering. This is part of its strategic ambition to be a sustainable investment shaper, continuously innovate and anticipate growing client demand.

AllianzGI voting at AGMs shines light on gap in governance standards

Allianz Global Investors, one of the world’s leading active investment managers, has published its annual analysis of how it voted on more than 100,000 shareholder and management proposals in 2020, with figures revealing a continued and stark disparity globally in corporate governance standards.

Allianz China Insurance Holding receives approval to set up the first wholly foreign-owned insurance asset management company in China

Allianz (China) Insurance Holdings Co., Ltd. (hereinafter AZCH) has announced it has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) of the preparatory establishment of Allianz Insurance Asset Management Co., Ltd. (hereinafter Allianz IAMC).

Allianz Capital Partners' first global infrastructure fund reaches first close

Allianz Global Investors (AllianzGI) announced the first close of the Allianz Global Diversified Infrastructure Equity Fund (AGDIEF). The fund, which was launched earlier this year and is managed by Allianz Capital Partners (ACP), attracted commitments exceeding 600 million euros from institutional clients.

AllianzGI and Virtus Investment Partners announce strategic partnership in U.S. retail market

Allianz Global Investors and Virtus Investment Partners Inc announced they have agreed to a strategic partnership that will focus on enhancing both firms’ growth opportunities with Virtus representing AllianzGI’s compelling investment strategies in the U.S. retail market to existing and potentially new clients.

Allianz Capital Partners’ infrastructure expertise available to external clients for the first time

Allianz Global Investors (AllianzGI) announced the launch of the Allianz European Infrastructure Fund S.A. – RAIF (AEIF), which, for the first time, allows institutional investors to access the deep infrastructure investment experience of Allianz Capital Partners (ACP).

AllianzGI Hackathon: Intelligent Investments

How can Artificial Intelligence and Big Data improve investment management? AllianzGI explores the possibilities… 

ACP joins AllianzGI to extend client offering

Allianz Global Investors (AllianzGI) and Allianz Capital Partners (ACP) announced today that they will join forces in order to extend the range of investment expertise available to AllianzGI’s broad global client base, strengthening further its offering in Alternatives. From January 1, 2018, ACP will become a discrete entity under the umbrella of AllianzGI. 

Euler Hermes Americas launches Surety in the U.S., Canada, Brazil
Euler Hermes Americas launches Surety in the U.S., Canada, Brazil

Euler Hermes, the world’s leading trade credit insurer, has launched Surety – including performance and payment bonds – in its Americas region (the United States, Canada and Brazil). With nearly 100 years of global surety and bonding history, Euler Hermes is one of the world’s most experienced surety providers.