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By Du Xiaoli (chinadaily.com.cn)
Updated: 2007-07-27 14:33

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The Agricultural Bank of China recently signed a comprehensive business cooperation agreement with the People's Insurance Company (Group) of China (PICC) and its four subsidiaries, according to the International Finance News.

The four subsidiaries are PICC Property and Casualty Company Limited, PICC Asset Management Company Limited, PICC Health Insurance Company Limited and PICC Life Insurance Company Limited.

The two sides will build a new bancassurance cooperation platform together, establish a new finance and insurance system in rural areas, and innovate on bancassurance products, services, and the operation model.

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The full text is available in the July Issue ofChina Insurance.