Allianz Global Investors has secured a 2% stake in China’s Guomin Pension, becoming the first foreign company to invest in the pension insurance giant. The deal involves subscribing to new shares worth 228 million yuan (US$31.40 million), increasing Guomin Pension’s registered capital to 11.4 billion yuan. This strategic investment comes as foreign financial institutions increasingly show interest in China’s burgeoning private pension sector, driven by the country’s shrinking public pensions and aging demographic. The move also follows Allianz’s approval to set up a wholly-owned fund unit in China, aimed at serving retail and institutional investors, including future pensioners.
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