Prudential to host People's Republic of China Ministry of Social Security and Labor

Business Wire, Feb 9, 2000

Business &Insurance Editors

NEWARK--(BUSINESS WIRE)--Feb. 9, 2000

The Prudential Insurance Company of America hosted 21 Chinese government officials representing the People's Republic of China Ministry of Social Security and Labor.

Mimi Yee, vice president, Multicultural Marketing at Prudential and Professor James G.S. Yang, Montclair State University (MSU) moderated a discussion for Chinese government officials. The delegation is in the United States participating in a two month training program, &uot;Management of Social Security System, Labor, Welfare, Insurance and Pension Funding&uot; at MSU and specifically expressed interest in learning more about Prudential as a corporate model.

&uot;We are delighted and equally proud to host this distinguished group of Chinese government officials,&uot; said Mimi Yee. &uot;The opportunity to educate the Chinese delegation is yet another chance to demonstrate our commitment to the Chinese community. The welfare of the Chinese people, both domestically and internationally, is important to us and we look forward to a long working relationship.&uot;

Prudential executives addressed the historical perspective of the financial services and insurance industry. Wei Jin, senior new markets analyst discussed Prudential's international mission strategies and Harry Zhang, Prudential sales manager, provided a product overview of the United States insurance and investment products.

&uot;This helps educate the Chinese community as well as build up their retirement and medical care through private insurance,&uot; said Professor Yang.

- Liu Wenhai, deputy division chief, Department. of Medical

Insurance, Ministry of Labor and Social Security (MOLSS).P.R.

China

- Wu Wenbin, project leader, Department of Planning &Finance,

MLOSS

- Lin Chuan, deputy division chief, Beijing Municipal Labor

Services Management Center

- Yuan Jiansha, section chief, Social Insurance Funds Admin.

Center, Beijing Municipal Labor and Social Security Bureau

- Yin Bijing, deputy director, Social Insurance Funds Admin.

Center, Donching District

- Zhang Zhengyu, project leader, Social Insurance Funds Admin.

Center, Dongcheng District Labor Bureau, Beijing

- Chen Bei, deputy director, Xicheng District, Labor Bureau Beijing

- Xie Maoling, deputy director, Maidian District Labor Bureau

- Zhou Jianying, statistician, Social Insurance Funds Admin.

Center, Xuanmu District Labor Bureau, Beijing

- Feng Biao, deputy director, Social Insurance Funds Admin. Center,

Fengtai, District Labor Bureau, Beijing

- Hao Chuayua, deputy director, Social Insurance Funds Admin.

Center, Changping County Labor Bureau, Beijing

- .Bai Heing, section chief, Daxing County Labor Bureau, Beijing

- Guo Zhigu, project leader, Beijing Municipal Bureau of Finance

- Ma Zheshi, accountant, Beijing Municipal Bureau of Finance

- Li Jingzuang, project leader, Beijing Municipal Bureau of Finance

- Wang Jun, project leader, Beijing Municipal Bureau of Finance

- Ma Qiang, accountant, Beijing Municipal Bureau of Finance

- He Yu, deputy division chief, Chenghi Municipal Social Insurance

Administration Bureau

- Chen Yan, deputy division chief, Chengdu Municipal Employment

Service Management Bureau

- Zhang Junxian, economist, Chengdu Municipal Social Insurance

Administration Bureau

- Gao Tengbo, economist, Yantai Municipal Social and Labor

Insurance Division

- Lu Peiwi, statistician, Ningbu Municipal Social &Labor Insurance

Administration

- Wang Zhifeng, interpreter, World Bank Operations Office,

Department of Planning &Finance, MOLS

- Gao Wei, interpreter, Beijing Municipal Labor &Social Security

Bureau

&uot;We will use the information provided from today's discussion to help develop our global economy,&uot; said Bei Chen, director of the Xicheng District, Labor Bureau Beijing. Prudential, with $362 billion in assets managed and administered as of September 30, 1999, is one of the largest life insurance companies in the United States and is among the largest financial institutions in the world. Prudential serves more than 30 million customers worldwide, offering a variety of products and services, including life insurance, property and casualty insurance, mutual funds, annuities, pension and retirement related investments and administration, asset management, securities brokerage, and real estate and relocation.

- Prudential -