AIG eyes possible liberal capital flow in free trade zone
Print Edition
Shanghai’s newly launched free trade zone may liberalize cross-border capital flow for foreign insurers and demand for shipping insurance is likely to grow, AIG China said yesterday.
The company expects more tax incentives for shipping insurance services and wider investment options along with looser control on the capital market in the pilot zone, Eric Zheng, president and CEO of AIG China, said.
Zheng said the company is benefiting from a surge in overseas tourism and rising overseas expansion by local companies.
Shanghai’s strong economy and positive policy outlook make it as one of the top priority markets for the insurer, Zheng added.
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