China's state-backed Wuchan Zhongda to invest up to $830m in insurance firm

China's state-backed Wuchan Zhongda to invest up to $830m in insurance firm

FILE PHOTO: The Chinese national flag is seen in front of the financial district Central on the Chinese National Day in Hong Kong, China October 1, 2022. REUTERS/Tyrone Siu/File Photo

Chinese state-backed supply chain service company Wuchan Zhongda Group on Monday said it will invest up to 6.07 billion yuan ($830 million) in Sinatay Life Insurance.

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