Aviva awarded ninth city license in China
Fuzhou is the largest city in the Fujian province, which is in the south east of China. The province of Fujian has a population of 35 million people and is one of China's major electronics manufacturing centers. Aviva-Cofco is the first foreign insurer to be granted a license to operate in Fuzhou, which has a population of seven million people. This new Fuzhou license brings the total number of cities in which Aviva-Cofco has operations to nine. It already has branches in Beijing, Guangzhou and Chengdu, and has sales offices in Leshan, Mianyang and Nanchong (Sichuan province) and Zhongshan and Foshan (Guangdong province). Charles Anderson, regional managing director of Aviva Asia, said: "We are delighted to have received this license for Fuzhou, particularly because it gives Aviva first-mover advantage in one of the most significant regions of economic growth in China and takes us a stage closer to achieving our longer term ambition of achieving an average 10% market share in ten Chinese cities by 2010." Aviva's biggest rival, Prudential, currently has one more Chinese license, having been awarded two licenses for Nanjing and Shenzhen in July.