QINGDAO’S first insurance brokerage joint venture, Qingdao T&Z Consultants Ltd., with shares from Dongbu Fire Insurance Co. Ltd. from South Korea, was approved by the city government recently.

    The South Korean company signed a contract with T&Z in September last year, buying 15 percent of T&Z’s shares. This cooperation will help Qingdao upgrade insurance service and development.

    (Wang Yuanyuan, Zhou Jianliang)