| In order to capture the business opportunities in wealth management market, enhance universe at the sale channels of bank subsidiary, fill the demand on wealth management and pension plan for customers, and build up a superior brand image of personal wealth management for group, FFHC and Aviva Plc joinly form a life insurance JV company, First-Aviva life insurance company (“the Company”), in 2007, with FFHC held 51% of the equity share capital of the Company, which initiated its operation on January 2, 2008. |
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