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

PIMCO-Allianz taskforce tackles retirement income innovation barriers in Australia
PIMCO-Allianz taskforce tackles retirement income innovation barriers in Australia

PIMCO, a leading global investment management firm, has established an Australian-based taskforce with Allianz, PIMCO’s parent company and one of the world's largest insurers, to offer innovative retirement solutions to the Australian marketplace.

Allianz and MUFG invest in EDF wind farm in Oklahoma
Allianz and MUFG invest in EDF wind farm in Oklahoma

Allianz and MUFG, one of the world’s leading financial groups, have together invested tax equity in the Great Western wind park developed and owned by EDF Renewable Energy (EDF RE), one of the leading wind project developers in the United States.

PIMCO names Kimberley Stafford as new head of Asia-Pacific
PIMCO names Kimberley Stafford as new head of Asia-Pacific

The leading global investment management firm has named Kimberley Stafford, Managing Director and current Global Head of PIMCO’s Consultant Relations Group, as the new Head of Asia-Pacific

PIMCO launches global ESG investment platform
PIMCO launches global ESG investment platform

New ESG fund helps clients achieve their investment goals while making a positive social impact

Allianz invests in EDF wind farm in Illinois
Allianz invests in EDF wind farm in Illinois

Allianz has invested tax equity in the Kelly Creek wind project developed and owned by EDF Renewable Energy (EDF RE), one of the leading wind project developers in the United States. Allianz is the sole tax equity partner in the project.

Allianz: Emmanuel Roman appointed CEO of PIMCO
Emmanuel Roman appointed CEO of PIMCO

Emmanuel (Manny) Roman (52) will become Chief Executive Officer at Pacific Investment Management Company LLC (PIMCO), an Asset Management subsidiary of Allianz, as of 1 November 2016. He will take over responsibilities from Douglas (Doug) Hodge (58), who steered PIMCO through a phase of rapid change.

New indicator examines if today’s employees can expect an adequate retirement income in the future / Top 3 of 49 countries: The Netherlands, Denmark, Norway; Germany on rank 13 / Malaysia, India, Indonesia last in ranking
“Pension provision has become a delicate balancing act”

New indicator examines if today’s employees can expect an adequate retirement income in the future / Top 3 of 49 countries: The Netherlands, Denmark, Norway; Germany on rank 13 / Malaysia, India, Indonesia last in ranking

What’s the world worth?
What’s the world worth?

What’s the world worth? Our colleagues at the Allianz customer magazine 1890 asked this question and the resulting numbers were large. So large in fact that they created an entire infographic series from them. We will present them on allianz.com. Part IV: Asia.

David Diamond, Global Co-Head of ESG at Allianz Global Investors
Good corporate governance drives sustainable performance

While shareholders, at the prospect of pending dividend payments, are eagerly anticipating the AGM season, they will simultaneously have to decide how they will vote at the respective AGMs. The interview with David Diamond, Global Co-Head of ESG at Allianz Global Investors, gives an insight into how professional investors deal with voting their proxies.