China Reinsurance launches Hong Kong office

China Reinsurance (Group) Corp, the nation's largest reinsurance company, announced on Friday the launch of its second overseas office in Hong Kong, in addition to last month's instauration of London office, with an aim to boost overseas expansion.

The state-owned company is in talks with potential bidders on the sale of strategic stocks, Chairman Liu Jingsheng said earlier. He also unveiled the company is mulling a large-size initial public offering before August.

China Reinsurance, which is also the largest reinsurance firm in Asia, is engaged in the provision of integrated insurance services covering reinsurance, direct-insurance, assets management, brokerage and public media. It owns more than 80% of domestic reinsurance market share.