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Allianz China Life Insurance Company, a 50-50 joint venture between Germany's Allianz and CITIC Trust & Investment Co, recently opened a sales service office in Huizhou, South China's Guangdong Province, in an effort to spread its wings over the rather developed area in China.

Allianz China Life currently has a presence in eight cities in Guangdong Province: Guangzhou, Shenzhen, Dongguan, Foshan, Zhongshan, Jiangmen, Zhuhai and Huizhou.

"Huizhou has seen robust economic development in recent years. We are confident in our business growth in this city," said Ye Zhijia, general manager of Allianz China Life's Guangdong branch.

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The full text is available in the April Issue of China Insurance.

(For more biz stories, please visit Industry Updates)