--Allianz is in discussions with banks in China to set up an asset-management venture in the country, Reuters reports, citing unnamed sources.

--The German insurer's Allianz Global Investors business has been in talks with Industrial Bank and China CITIC Bank among other lenders, Reuters says, citing the sources.

Full story: https://reut.rs/3QKTnzF

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

August 23, 2022 06:26 ET (10:26 GMT)

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