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BRIEF-China BoCommlife Insurance Gets Banking Regulator's Approval To Set Up Asset Management Firm

July 20 (Reuters) - Bank of Communications Ltd :

* CHINA BOCOMMLIFE INSURANCE SAYS CHINA BANKING & INSURANCE REGULATOR APPROVES CO TO SET UP ASSET MANAGEMENT WITH REGISTERED CAPITAL AT 100 MILLION YUAN ($14.75 million) Further company coverage: ($1 = 6.7809 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)