China Post Insurance signed on May 9 a strategic cooperation framework agreement with Morgan Stanley (MS) in Beijing.

Deputy General Manager of China Post Group Kang Ning, MS Global President Daniel Simkowitz and other senior executives of both parties attended the ceremony.

According to the agreement, China Post Insurance will launch further cooperation with MS in investment management, risk management, asset allocation and other fields.

Shared expertise will be fully explored to lay a solid foundation for global investment and mutual development.

"We will improve our comprehensive strength by introducing professional management and experience, blazing a new road for innovation," Kang said.

Founded in 1935, Morgan Stanley is an American multinational financial services corporation. Its products include investing banking, asset management, commercial banking, and investment management.

It operates in 42 countries and has more than 1,200 offices.

(China Post)