Financial institutions bullish on China market

BEIJING－In the early 1990s, Principal Financial Group, a US global financial investment management and insurance company, set up its representative office in Beijing, together with many other international financial institutions drawn to China in search of business opportunities.

Since then, PFG has maintained a strategic cooperative relationship with China Construction Bank. In 2005, they jointly established CCB Principal Asset Management Co Ltd, which has become an important player in China's asset management industry.

PFG's footprint in China gives a glimpse into the thriving development of international financial institutions in the country.