Capital tripled
By Zhang Fengming |
March 3, 2011, Thursday
|
Print Edition
Print Edition
Marsh, the world's top insurance broker, yesterday said it has tripled the registered capital of its China subsidiary to 30 million yuan (US$4.6 million) to assist its long-term development.
Marsh (Beijing) Insurance Brokers will ride on China's economic growth and Chinese companies' outbound investment, company executives said yesterday in Shanghai.
The company grew its revenue by 35 percent and staff by 26 percent in 2010 in China. Chinese companies contributed to 30 percent of Marsh's revenue in China, with the remainder taken by multinational companies. The company said it expects the Chinese companies to account for half of its revenue in three years.
Marsh (Beijing) Insurance Brokers will ride on China's economic growth and Chinese companies' outbound investment, company executives said yesterday in Shanghai.
The company grew its revenue by 35 percent and staff by 26 percent in 2010 in China. Chinese companies contributed to 30 percent of Marsh's revenue in China, with the remainder taken by multinational companies. The company said it expects the Chinese companies to account for half of its revenue in three years.
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