Joint Life venture wins two more licenses in China.CITIC CITIC China International Trust and Investment Corporation Prudential Life, the joint venture between London-based Prudential plc This article is about the British company. For the American company, see Prudential Financial. For places named after the company, see Prudential. Prudential plc (LSE: PRU, NYSE: PUK) is a United Kingdom-based financial services company. and China International Trust & Investment Corp., has been awarded two more licenses in the Chinese market. The licenses, in Nanjing and Shenzhen, bring to 10 the number of cities in which the joint venture is authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: to do business--making it China's largest foreign life insurer in terms of licenses. The venture will offer a range of life products in the two markets. These include accident, health and life policies. Nanjing, with a population of more than 5.8 million people, is about 200 miles west of Shanghai. Shenzhen, with about 6 million people, is a short distance from Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . |
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