The Swiss group ZURICH FINANCIAL SERVICES has bought 10% in NEW CHINA LIFE INSURANCE, the number one life insurance company in China, for USD 39 million. Three other foreign investors simultaneously bought shares in the firm: INTERNATIONAL FINANCE CORPORATION, a World Bank institution; MEIJI LIFE INSURANCE COMPANY (Tokyo); and NETHERLANDS DEVELOPMENT FINANCE COMPANY FMO. These three investors hold a total of 14.9% of NEW CHINA LIFE.