China’s financial regulator plans to raise limits for insurance funds’ investment in the stock market, as part of action taken to increase support for capital markets and the real economy. It will raise the upper limit of the equity asset …
China’s Sunshine Insurance Group Co. declined in its trading debut after Hong Kong’s fourth-largest deal this year, potentially the last big listing in the Asian hub before the end of 2022. Shares of the Beijing-based firm dropped as much as …
Sunshine Insurance Group Co. is leaning toward pricing its Hong Kong initial public offering at the bottom of its marketed range, according to people familiar with the matter. The Beijing-based firm is weighing whether to sell 1.15 billion new shares …
Chinese insurer Sunshine Insurance Group Co. is seeking to raise as much as HK$7.4 billion ($950 million) in its Hong Kong initial public offering. Beijing-based Sunshine Insurance started taking investor orders for about 1.15 billion new shares on Wednesday, according …
Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company’s ownership in Huatai Insurance Group Co. Ltd. from 47.3% to 83.2%. Financial details of the deal were not disclosed. Huatai …
China’s Sunshine Insurance Group Co. has received approval from the Hong Kong stock exchange for an initial public offering that could raise about $1 billion, according to people familiar with the matter. The Beijing-based company may start taking investor orders …
China’s Sunshine Insurance Group Co. is planning to seek Hong Kong stock exchange approval for its initial public offering as soon as next week, according to people familiar with the matter. The Beijing-based company may start gauging investor demand once …
Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co., UBS Group …
A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings …
Insurance giant AIA Group Ltd. is in talks to purchase an office at a prime location in Shanghai as it expands business in China, according to people familiar with the matter. The Hong Kong-based insurer is considering buying SIIC Center, …
