Li Yunze: The other day, the establishment of insurance asset management companies by Friends Life and NN Group in Shanghai was approved.

Today at the 2025 Lujiazui Forum, Li Yunze, Director of the State Administration of Financial Regulation, stated that the agency had just approved the establishment of insurance asset management companies by Friends Life and AG Global Life in Shanghai. We will continue to promote more financial opening measures, take the lead in Shanghai, and fully support the construction of Shanghai as an international financial center to reach new heights.