SHENZHEN , December 13 , SinoCast -- Following Changjiang Pension Insurance Co., Ltd., Ping An Annuity Insurance Company has also gotten approval from the China Insurance Regulatory Commission (CIRC) to expand service for asset management to managing pension insurance assets and taking custody of local and foreign currencies for guaranteeing old-age security. That is the same for above insurers to get licenses for managing pension assets that could be used for direct investment and taking custody of more pension funds through individualized products for asset management.
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