Aetna Takes First Step Toward Entering Insurance Market In China
Aetna (NYSE:AET) announced that it has established a representative office in Shanghai, China, as the first step in a two-year process required before an insurer can apply for a license in China. Aetna, through its international division, Aetna Global Benefits (AGB), received official approval in late March from the China Insurance Regulatory Commission to establish the Shanghai office.