Manulife China Bank Life Assurance Corporation (MCBLife) is a joint venture company set up between the China Banking Corporation (China Bank) and Manulife Philippines, a wholly owned subsidiary of the Canadian company Manulife Financial, one of the leading life insurance companies in the world.^{[citation needed]} Incorporated on 23 March 2007, MCBLife provides insurance and financial products through the many China Bank outlets in the Philippines.