As the Tianjin Free Trade Zone (FTZ) launches, global and domestic financial institutions are accelerating their pace to join the FTZ.
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In the morning of 8 April, the China Insurance Regulatory Commission allowed MetLife, the 150-year old global insurance leader from the US to launch its Tianjin branch.
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Meanwhile, the Tianjin Banking Regulatory Commission issued financial permits to the CITIC Financial Leasing Corporation with four billion CNY (644.6 million USD) registered capital. Registered in the central business area of the Tianjin FTZ, the CITIC Financial Leasing Corporation is a wholly-owned subsidiary of the CITIC Bank.Â