Jan. 31, 2007 (China Knowledge) – United MetLife Insurance Co., a 50-50 venture between MetLife and Shanghai Alliance Investment Ltd., is considering selling its products through Citigroup’s branches in China this year.

To do so, United MetLife will form a joint venture with Citigroup. Talks for such a plan is still underway, said United MetLife’s CEO Bob Pei. He added that local consumers can buy united MetLife’s insurance products at Citigroup's counters after the local incorporation of Citigroup bank.

Last month, China granted approvals to nine foreign banks, including Citigroup, to prepare for local incorporation – a step that must be taken if the foreign banks want to provide full-fledged local currency services to Chinese residents.