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Europe Daily Bulletin No. 7876

8 January 2001
Contents Publication in full By article 38 / 41
ECONOMIC INTERPENETRATION / (eu) insurance

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.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENT