China, Sept. 23 -- The Asian Development Bank (ADB) has committed an equity investment in Fosun United Health Insurance Company Limited (FUHI) to expand commercial health insurance coverage and strengthen long-term care services in the People's Republic of China (PRC). FUHI received regulatory approval for issuance of shares to ADB yesterday.ADB invested CNY270 million ($37.3 million), with co-investors International Finance Corporation and Shanghai Fosun Pharmaceutical (Group) Co., Ltd. both investing an equivalent amount. The financing will support FUHI, one of the PRC's seven specialized health insurance companies, to enhance its solvency level and support its business expansion. The project marks ADB's first ever direct equity investmen...