China Reinsurance plans global expansion

China Reinsurance (Group) Co, China's biggest reinsurer, plans to gradually build up its global operations, including growth via mergers and acquisitions and international cooperation, Bloomberg reported Monday.


The group's revenue totaled 38.3 billion yuan ($5.8 billion) last year, according to Bloomberg.


Total assets rose to 101.6 billion yuan as of Dec 31.
(Source:ChinaDaily)