Two of China’s biggest insurance companies have launched their own insurtech subsidiaries at the end of February, amidst of a push for greater adoption of fintech in the Chinese financial sector. On 22 February China Pacific Insurance Company (CPIC) announced the formal establishment of CPIC Tech (????) – a fully owned subsidiary with registered capital of 700 million yuan. The following day CPIC Tech announced that it planned a capital increase of 355 million yuan, with CPIC contributing 135 million yuan, Zhejiang Jinrong Kong (??????) a further 200 million yuan, and Zhejiang Xingke Keji Fazhan (??????????) 20 million yuan. CPIC...