TORONTO/SHANGHAI, Nov. 7, 2011 /CNW/ - Manulife-Sinochem Life Insurance
Co. (MSL) announced today that it has made a donation to the Shanghai
School for Blind Children in conjunction with its 15th anniversary
celebrations. The money will go towards the purchase of visual aids to
facilitate learning and improve the lives of all students suffering
from low visual capabilities at the school.
At a media conference held today to celebrate MSL's 15th Anniversary,
Donald Guloien, President and Chief Executive Officer of Manulife
Financial, remarked: "We are honoured to support the Shanghai School
for Blind Children. Shanghai and China have a special place in Manulife
Financial's history. We sold our first policy in Asia in Shanghai, in
1897, and in 1996 we established the first life insurance joint venture
in China with the Sinochem Group. Today we mark MSL's 15th anniversary
with this donation." As a new member of the Mayor of Shanghai's
International Business Leaders Advisory Council, Mr. Guloien also
pledged to support Shanghai's transformation into an international
The media conference was also attended by Yang Lin, Chief Financial
Officer of Sinochem Group, Robert A. Cook, Senior Executive
Vice-President and General Manager of Manulife Asia, and Marc Sterling,
Manulife's Executive Vice-President and Chairman of MSL.
Mr. Liu Deshu, President and Chief Executive Officer of Sinochem Group
attended related celebration activities. Mr. Liu attributed the
company's success to the constructive and close partnership between the
two shareholders. "We look to the future with great confidence, and
believe that the spirit of mutual cooperation will continue to build a
strong future for MSL," he added.
Mr. Cook noted that "MSL now enjoys the broadest geographical footprint
of any joint venture insurance company in China, with access to nearly
half a billion customers. It also has a robust agency distribution
with around 15,000 agents, and a developing bancassurance channel
through which long term protection products are distributed. From its
headquarters in Shanghai, MSL has successfully extended its presence to
the main wealth and population centres of China including Beijing,
Guangdong, Zhejiang, Jiangsu, Sichuan, Shandong, Fujian, Chongqing,
Liaoning, Tianjin and Hubei."
Mr. Sterling added, "We are delighted to be joined by so many of the
people who contributed to the development of MSL over the last 15 years
here today to celebrate this important milestone with us. Their
presence reflects their enormous contribution and just how much they
still mean to us in Manulife-Sinochem."
About the Shanghai School for Blind Children's Project
The Shanghai School for Blind Children is the only school in the city
dedicated exclusively to the education of visually impaired children.
Today's donation will be used to purchase high-tech visual aids
enabling partially-sighted children to study in an environment akin to
that experienced by children with normal vision.
This latest charitable contribution follows the earlier donation of RMB
5 million from Manulife Financial and MSL to reconstruct six
earthquake-damaged special schools for disabled children in Sichuan,
the completion of which was announced in 2010, at the Canadian Pavilion
at the Shanghai EXPO.
Since its inception, MSL has always strived to be a socially responsible
corporate citizen. It strongly believes in the positive impact
charities can have on people's lives. Over the past 15 years, the
Company has been actively involved in more than 50 charitable projects
including those relating to environmental protection, cancer research,
youth education and the disabled. MSL also organizes annual corporate
social responsibility events that give employees, agents and customers
the opportunity to help new charities.
"As China becomes more prosperous, we believe we have a responsibility
to the community. For MSL, our focus is on helping the physically
impaired enjoy a better life. This is consistent with our business,
which is to look after our customers and families in their time of
greatest needs," said Mr. Sterling.
Manulife Sinochem, which is headquartered in Shanghai, is the first
foreign investment joint venture life insurance company in China. Its
shareholders are Canada's Manulife Financial, and China's Sinochem
Corporation. Manulife-Sinochem is a joint-venture company between
Manulife (International) Limited and the China Foreign Economy and
Trade Trust Company (a member of the Sinochem group). To date the
Company has around 15,000 professionally trained agents and employees,
providing financial and insurance services to more than 650,000
customers. The company is now developing in 49 cities in Shanghai,
Beijing, Guangdong, Zhejiang, Jiangsu, Sichuan, Shandong, Fujian,
Chongqing, Liaoning, Tianjin and Hubei. With more than ten years'
successful experience, Manulife-Sinochem is committed to offering
comprehensive insurance products combined with excellent customer
service and professionalism.
Manulife-Sinochem can be found on the internet at www.manulife-sinochem.com.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
operating in 21 countries and territories worldwide. For more than 120
years, clients have looked to Manulife for strong, reliable,
trustworthy and forward-thinking solutions for their most significant
financial decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth management
products and services to millions of clients. We provide asset
management services to institutional customers worldwide as well as
reinsurance solutions, specializing in property and casualty
retrocession. Funds under management by Manulife Financial and its
subsidiaries were C$492billion (US$473 billion) as at September 30,
2011. The Company operates as Manulife Financial in Canada and Asia and
primarily as John Hancock in the United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the
Internet at www.manulife.com.
As one of the key state-owned enterprises under the supervision of SASAC
(State-owned Assets Supervision and Administration Commission of the
State Council), Sinochem Group has been featured in the "Fortune Global
500" list 20 times, and ranked 203 in 2010. Sinochem has five core
business segments: agriculture, energy, chemical, real estate and
finance. A leading chemical service provider, it is China's biggest
integrated agricultural producer of fertilizer, pesticide and seed
products, and the country's fourth largest oil company. Sinochem is
also a major player in China's high-end commercial real estate market
and non-banking financial sector. Sinochem has more than 200 branches
and subsidiaries both in China and abroad, among which are several
listed companies, namely Sinochem International (SSE, 600500), SinoFert
(HKEX, 00297), Franshion Properties (HKEX, 00817). In June 2009,
Sinochem made a major move to inject most of its assets into the
shareholding entity Sinochem Corporation. More than 40,000 employees
adhere to Sinochem's spirit of exploration and innovation, adopting the
mindset of "Creating Value, Pursuing Excellence".
Sinochem can be found on the Internet at www.sinochem.com.
SOURCE Manulife Financial
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