Manulife In China

Manulife's history in China can be traced back to more than a century ago when it set up its Hong Kong and Shanghai branch offices in year 1897.  Manulife re-entered the Mainland China in year 1996 by setting up a joint venture life insurance company, Manulife-Sinochem Life Insurance Co. Ltd. with China Foreign Economy and Trade Trust Company (a member of the Sinochem group).  It was the first Chinese-foreign joint-venture life insurance company established in China.  Manulife-Sinochem began operations in November 1996.  To date it has over 11,000 professionally trained agents and employees, providing financial and insurance services to over 500,000 customers.  The company is now growing steadily in over 30 cities including Shanghai and Beijing, and in provinces including Guangdong, Zhejiang, Jiangsu, Sichuan, Shandong, Fujian, and Chongqing. With more than ten years’ successful experience, Manulife-Sinochem is committed to offering comprehensive insurance products combined with excellent customer service and professionalism.

Manulife Financial further strengthens it business presence in China by acquiring 49% stake of Manulife-TEDA Fund Management, formerly known as ABN AMRO TEDA Fund Management Co. Ltd, in November 2009.  Manulife-TEDA Fund Management was established in June 2002 and is one of the first joint venture fund management companies in China.  Manulife-TEDA has 137 employees and US$4.4 billion in assets under management (as at December 31, 2009) for both retail and institutional clients in China.