Manulife Set for Broad Expansion in China

Reuters News Agency, George Chen, 10 October 2006Manulife Financial Corp. is preparing to sell insurance in 40 Chinese cities by 2010 and is looking to start a money management venture as business is booming.Total premiums for Manulife-SinoChem Life Insurance Co. Ltd., the Toronto-based company's 51-per-cent-owned China joint venture, should be more than 840-million yuan or $120-million (Canadian