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(From SinoCast China Financial Watch)
CHANGSHA, August 24, SinoCast -- Aviva-Cofco Life Insurance Co., Ltd., a Sino-UK joint venture, received regulatory approval to prepare a branch office in Changsha, the capital of Hunan province, marking a milestone in its expansion in central China. The move is an evidence that Aviva-Cofco is progressing well toward its strategic plan of opening branches in 10 selected provinces or municipalities in China by 2010 and having each seize a substantial share of local market. The company now has built up presence in eastern, southern, western and northern China by opening branches there. It attaches more importance to sales of …