Aetna in China

Additional history about Aetna in China:

Aetna was one of the earliest international insurance players to enter the country after China’s economy reform. As early as 1993, Aetna setup its first representative office in China.
In 1997, Aetna established Pacific An-Tai Life Insurance Company, a joint-venture with China Pacific Life Insurance Company.
In 1998, Aetna donated USD 10,000,000 to Shanghai Jiao Tong University to establish its business school, which was named Aetna School of Management.
From 1992 to 2000, Aetna donated approximately USD 6,000,000 to several leading universities in China, including Beijing University, Zhong Shan University and Guangzhou Finance College, to establish Aetna scholarships.
In 2000, as part of its worldwide strategic shift to focus on its health insurance business and related group benefits, Aetna divested its life and finance services businesses worldwide. As a result, Aetna Pacific Life Insurance Company was sold to ING. However, Aetna retained its international health business, Aetna Global Benefits.
In 2003, upon special approval from the China Insurance Regulatory Commission, Aetna offered global health benefits to Beijing Olympic Broadcasting Company.
In March 2008, Aetna opened its representative office in Shanghai and started to actively explore its strategic development options in China.