Lockton and CDP Group have partnered in Shanghai to strengthen cross-border employee benefits, compliance and workforce risk management, the global broker announced earlier this week.
CDP Group is a China-based HCM SaaS+ platform provider founded in 2004, serving more than 900 customers across 45 industries with integrated payroll, benefits, and workforce solutions, while expanding globally since 2017.
The collaboration combines Lockton’s global insurance brokerage expertise with CDP’s human capital management capabilities to develop best practices in talent benefits and support resilient organisational structures.
The partnership targets multinational enterprises in China, where competition for skilled local professionals remains intense amid evolving labour market dynamics. Both firms will jointly deliver compensation and benefits advisory, insurance brokerage solutions, and new service models to help companies design competitive and well-governed programmes.
As Chinese companies expand overseas, the partners aim to integrate HR services with global insurance solutions to support mobility, risk protection, and transparent benefits frameworks for expatriate and local talent.
“This partnership will bring greater clarity and certainty for enterprises operating across Belt and Road markets and other destination countries,” said Timothy Hung, regional head of growth and strategic development at Lockton Asia.
For Cedric Luah, regional head of People Solutions at Lockton Asia, employee benefits governance and people risk management are becoming strategic priorities as organisations expand across borders.
Commenting in a local context, Wei Lu, chairwoman and CEO of CDP Group, said: “As Chinese companies enter a more advanced phase of globalisation, sustainable success increasingly depends on organisational strength and a clear talent strategy.”
Looking ahead, Lockton and CDP Group said they would deepen collaboration to co-develop integrated human capital and insurance solutions for Chinese and multinational enterprises operating globally.
In another collaborative move with a Chinese firm last February, Lockton partnered with state-owned SAIC Motor Insurance, SAIC Motor’s wholly owned captive insurance firm, in support of the internationalisation of SAIC’s brands through deeper cooperation in risk management, insurance solutions, and cross-border operational support, with focus on emerging global risks, such as data security, cybersecurity, OTA governance, and technical liability.
