PICC targets Southeast Asian M&A

Chinese insurance giant PICC Group is in talks to either acquire
or buy a stake in a number of Southeast Asian insurers, with at
least one deal expected to complete this year.
Speaking to Reuters, Xie Yiqun, vice president of the group,
said between one and two deals were expected to materialise this
year, with "a few more" to come in the next two or three
years.
He added that PICC had planned to open offices and branches in
certain...