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AIA to buy 25% stake in China Post Life Insurance for $1.9bn

Investment gives life insurer access to mass market clients in China

Hong Kong-based AIA has agreed to buy a 24.99% stake in China Post subsidiary China Post Life Insurance.   © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | China

HONG KONG -- AIA Group on Tuesday said it had agreed to buy a 24.99% stake in China Post Life Insurance for 12 billion yuan ($1.86 billion) to boost its exposure to the nation's life insurance market.

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