AXA-Minmetals Assurance Co Ltd, a Sino-French insurance joint venture, and Shenzhen Development Bank (SDB) yesterday jointly launched their bank assurance business cooperation in Guangzhou.

SDB's Guangzhou branch will become the pilot branch to promote the bank assurance business tailor-made by AXA-Minmetals for its VIP customers. SDB will extend the cooperative business to other branches nationwide, while AXA-Minmetals assigns its bank assurance professionals to the bank's numerous outlets to offer training programs and optimize wealth management services for SDB.