First one! American financial giant Prudential establishes another foothold in China.

Recently, Bode Xinxin Insurance Asset Management Co., Ltd. was approved to operate, it was directly established by American Bode Xinxin Insurance, and is the first wholly-owned insurance asset management company established by a foreign financial institution in China. Previously, the usual practice was for foreign institutions to first establish insurance institutions in China, and then have them invest in setting up insurance asset management companies.