On September 2, 2025, Prudential Insurance Asset Management Co., Ltd. officially received approval to begin operations from the National Financial Regulatory Administration. Prudential Insurance Asset Management is the first wholly foreign-owned insurance asset management company in China that was directly established by an overseas financial institution. The company is registered in Xicheng District, Beijing, with a registered capital of USD 20 million, fully funded by The Prudential Insurance Company of America.

Prudential Insurance Asset Management Co., Ltd. is the second wholly foreign-owned insurance asset management company in China, after Allianz Insurance Asset Management, and the first such foreign-funded entity established since the release of the Provisions on the Administration of Insurance Asset Management Companies. Consequently, the total number of insurance asset management companies in China has increased to 35.

The Prudential Insurance Company of America ranks among the largest life insurance companies in the United States and is a subsidiary of Prudential Financial, Inc. (NYSE: PRU), a major global financial institution with a history of 150 years. The company established its Beijing Representative Office as early as 1998 and currently holds a 50 percent equity interest in Pramerica Fosun and a 10 percent stake in Qianhai Reinsurance.

(Source: Official WeChat Account of quanshangcn "券商中国")