Finance and InsuranceGreater ChinaPorts and Logistics
Ningbo port plans insurance venture
Shanghai: Ningbo port announced that the company will set up the first port shipping insurance company in China with Ningbo Port Group, Shanghai Port Group and domestic insurance company PICC.
The planned registered capital of the new insurance company is RMB1bn. The move has been in the offing for the past three years. [17/10/13]