AXA Hong Kong signed a Memorandum of Understanding on overseas partner cooperation with the People’s Insurance Company of China at the 2024 Lujiazui Forum.

The signing marks the first strategic cooperation between France-founded AXA and the Chinese company in the global reinsurance business.

Echoing the theme of this year’s forum: “Promoting world economic growth with high-quality financial development,” a signing ceremony was also held for an MoU on the construction of the Shanghai International Reinsurance Center at the forum.