AIA Group China Post Life Investment 2021 | Strategic Expansion

AIA Group Limited announced a strategic investment of RMB 12,033 million (US$1,860 million) to acquire a 24.99% equity stake in China Post Life, China's #1 bank-affiliated life insurer. The investment provides access to approximately 40,000 financial outlets and over 600 million retail customers through a distribution partnership with Postal Savings Bank of China, representing a unique growth opportunity in the Chinese insurance market.