Published: 7:02pm, 12 Oct, 2017 Updated: 2:55pm, 20 Jul, 2018
China's first online-only insurer ZhongAn has launched a joint venture (JV) with Hong Kong-based Sinolink Worldwide. The venture will involve the two firms offering loans, notes, equity investments and fund transfer services. In an interview to CNBC, CEO of ZhongAn, Wang Xiaojun, said that his company is looking for ways to expand its business in China by partnering up with other Chinese insurance companies. ZhongAn listed in Hong Kong on 22 September, and saw its shares rise 60% in its first week of trading, but expects to post a loss this year, partly driven by changes to its product mix.