UK Standard Life plans to increase Chinese investment in China Silver still has a chance to co-operate

British Standard Life plans to invest in 2 billion development joint venture Bank of China there is still cooperation may be April 16 news, today's British Standard Life Board chairman Gerald Greenstone in the Boao Forum for Asia, said the Sina finance, Standard Life is proposed to invest in its joint venture in China, five-year total will reach 2 billion yuan.　　Speaking of the proposed sale of the joint venture to the Bank of China, Greenspan hinted that there might still be cooperation. Europe's largest mutual insurance company British Standard Life 2003 and Tianjin Teda each invested 650 million yuan to set up a joint venture company Heng ' an Standard Life.　　Last December, British Standard Life announced that its talks to sell the majority stake in Heng on Standard Life in BOC were broken but did not explain why. Today, Greenstone to Sina financial disclosure, the Bank of China in the search for investment, will Heng an life to become Standard Life, Teda, BOC tripartite shareholders.　　But Teda did not reach an agreement with the Bank of China, so negotiations that lasted for 1 years eventually burst. However, Heng an life does not plan to introduce other strategic partners, "we still have good business and still maintain good relations with the Bank of China, so who knows what will happen?"　　Greenstone also said that Standard Life is still ready to develop Heng ' an, intends to invest in its joint venture in China, the total investment will reach 2 billion RMB in five years. "China's insurance market is promising. China's high savings and lower insurance rates provide an opportunity for the insurance industry to be further relieved of future financial regulation.　　"Greenstone said. Last March, Heng ' An Standard Life completed a round of capital injections, with registered capital changing from 1.652 billion yuan to 1.712 billion yuan. After the increase of capital, the proportion of shareholders ' equity remains unchanged. (Jessie from Boao, Hainan)