Allianz CEO Sees Asset Management as ‘Next Horizon’ in China

Jan.16 — Allianz SE is betting that the license it obtained for an insurance holding company in China will pave the way for the German insurer to tap the growing demand for financial services in the country. Chief Executive Officer Oliver Baete spoke exclusively with Bloomberg’s Tom Mackenzie in Shanghai.

In This Story: Shanghai

Shanghai, on China’s central coast, is the country’s biggest city and a global financial hub. Its heart is the Bund, a famed waterfront promenade lined with colonial-era buildings. Across the Huangpu River rises the Pudong district’s futuristic skyline, including 632m Shanghai Tower and the Oriental Pearl TV Tower, with distinctive pink spheres. Sprawling Yu Garden has traditional pavilions, towers and ponds.

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