German Allianz buys $31m stake in China's mega pension company

German Allianz buys $31m stake in China's mega pension company

FILE PHOTO: Allianz Global Investors logo is pictured at the company's headquarters in Frankfurt, Germany August 16, 2021. REUTERS/Tilman Blasshofer/File Photo

Allianz Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China’s pension insurance giant Guomin Pension.