HONG KONG, July 26, SinoCast -- Reporters learnt that Hong Kong listed China Reinsurance (Group) Corporation takes a further step in expanding abroad. Singaporean branch started to handle property reinsurance service locally with approval from the Monetary Authority of Singapore (MAS), holding opening ceremony, being the first Asian branch set up by China Reinsurance outside Mainland China and Hong Kong in line with internationalization strategy. Meanwhile, the Singaporean branch is the first re-insurer from China, further strengthen insurance cooperation between both nations.