Allianz in talks for China insurance asset management licence

FRANKFURT/HONG KONG (Reuters) - Allianz is in talks with Chinese regulators for a licence as the German insurer looks to eventually offer broad asset management services in the world's second-largest economy.Discussions for a licence to manage its own assets in China are at an early stage, Solmaz Altin, its chief executive in Asia, told Reuters, adding he hoped to launch the business in the first half of 2021.Hong Kong's status as a global financial hub faces some uncertainty with the United..