Shanghai Mayor Ying meets Allianz CEO Bate

Shanghai Mayor Ying Yong met Oliver Bate, chairman and chief executive officer of Allianz SE, and unveiled the plate for Allianz (China) Insurance Holding at its opening ceremony on Thursday.

Allianz (China) Insurance Holding is the first wholly foreign-owned insurance holding company in China.

Ying extended his sincere congratulations for the opening of Allianz (China) Insurance Holding. He said that Allianz Group is one of the most influential insurance companies in the world and a member of the Shanghai mayor’s International Business Leaders’ Advisory Council. It has long witnessed and participated in Shanghai’s reform and opening up.

Allianz Group is welcome to put more business in Shanghai and achieve greater development by participating in Shanghai’s urban construction and international financial center construction. “We will create a better business and market environment for all types of enterprises, including Allianz Group,” Ying said.

Allianz Group attaches great importance to the Chinese and Shanghai markets. The opening of the holding company has received strong support from Chinese financial regulators and the Shanghai Municipal Government. Shanghai is an exciting city and Allianz is willing to put more resources in Shanghai, better serve Chinese customers and other institutional investors, and promote common development, Bate said.

Allianz Group was founded in 1890 with its headquarters in Munich, Germany. It is one of the world’s leading financial groups and one of the world’s largest asset management groups.