Shangpin China Signed Allianz Insurance Asset Management Official Platform Project

Shangpin China Signed Allianz Insurance Asset Management Co., Ltd Upgrade of official website platform , strengthen the brand image and optimize the overall experience of users.

Allianz Insurance Asset Management Co., Ltd. (hereinafter referred to as Allianz Asset Management) received the approval of the China Banking and Insurance Regulatory Commission on the opening of its business on July 27, 2021, becoming the first foreign-funded insurance asset management company approved to open its business in China, with a registered capital of 500 million yuan and registered in Beijing. Allianz (China) Insurance Holding Co., Ltd., the shareholder of Allianz Asset Management, is the first wholly foreign-owned insurance holding company approved for business in China. Allianz (China) Insurance Holding Co., Ltd. is the shareholder of Allianz SE. As the world's leading insurance group, Allianz Group has developed for more than 130 years, providing a full range of insurance products and services to more than 100 million individual and corporate customers in more than 70 countries and regions around the world. At the same time, Allianz Group is also one of the largest asset management groups in the world. By the end of 2020, in addition to managing more than 790 billion euros of assets for Allianz Group's insurance customers, its asset management companies managed a total of 1.7 trillion euros of third-party assets.

In the future operation, Allianz Asset Management will rely on Allianz Group's global leading experience and rich resources to build the company into the most trusted insurance asset management product and service provider, creating value for investors and customers. In addition, Allianz Asset Management will strictly abide by Chinese laws and regulations, serve the new pattern of China's economic development, serve the reform and innovation of the asset management industry, fully integrate Allianz's innovative products with the local market, provide better products and services for domestic and foreign customers, and contribute to the rapid development of China's insurance asset management industry.