Senior care projects eyed
Print Edition
CHINA Pacific Insurance (Group) Co, the country’s third-largest insurer, has set up a company in Shanghai’s free trade zone to invest in the senior care industry in the city as it diversifies its insurance services.
The company, registered in the zone on September 25, will invest, construct and operate senior care projects, CPIC said in a statement last week. It will also handle health care and medical investment related to the senior care projects.
CPIC said the more flexible foreign exchange regulations in the FTZ will facilitate investment and hiring of expertise from overseas. Foreign investment companies are also allowed to undertake a wider variety of senior care services in the zone.
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