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Chinese funds find sweet spot in city’s insurance sector

2017-03-25 scmp
Hong Kong insurance companies remain attractive acquisition targets for mainland entities, a trend that has helped to inject fresh capital into the local industry, yet one which also ushers in new regulatory and management challenges, according to industry players.

Get Hong Kong Insurers While They're Hot - Bloomberg Gadfly

2017-03-22 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

UCF Capital buys Hong Kong Life as Chinese funds rush into city’s insurers

2017-03-21 scmp
The HK$7.1 billion takeover of Hong Kong Life boost share price of Asia Financial, Chong Hing Bank

China Oceanwide Is Buying Genworth Financial for $2.7 Billion

2016-10-24 fortune
China Oceanwide Holdings Group has agreed to buy U.S. insurer Genworth Financial for $2.7 billion in cash, the latest in a series of moves by Chinese firms to buy overseas assets as their domestic economy slows and the yuan weakens.

In new China Inc M&A push, Oceanwide strikes $3.8 billion deal for ex-GE insurer Genworth

2016-10-24 in.reuters
HONG KONG Little-known China Oceanwide Holdings Group Co pledged $3.8 billion in a deal to take control of U.S. insurer Genworth Financial Inc, the latest marker of Chinese firms accelerating a drive overseas while their domestic economy slows and the yuan weakens.

Oceanwide to buy US insurer Genworth for US$2.7 billion, extends Chinese M&A push

2016-10-24 channelnewsasia
HONG KONG: China Oceanwide Holdings Group Co has agreed to buy U.S. insurer Genworth Financial Inc for US$2.7 billion in cash, the latest in a series of moves by Chinese firms to buy overseas assets as their domestic economy slows and the yuan weakens.

Oceanwide to buy US insurer Genworth for US$2.7 bil, extends Chinese M&A push

2016-10-24 theedgemarkets
HONG KONG (Oct 24): China Oceanwide Holdings Group Co has agreed to buy US insurer Genworth Financial Inc for US$2.7 billion in cash, the latest in a series of moves by Chinese firms to buy overseas assets as their domestic economy slows and the yuan weakens.

Hong Kong insurers brace as they become acquisition targets

2016-09-23 scmp
Hong Kong insurers are drawing worldwide interest thanks to buoyant sales of life policies to mainland visitors

China’s ‘left field’ buyers shake up global M&A

2016-06-30 financialexpress
Foreign takeover bids by little-known Chinese companies, from real estate firms to a vacuum cleaner maker, are driving a surge in the due diligence industry as their targets and even rival suitors seek to answer the question, “Who are these guys?”

China's 'left field' buyers shake up global M&A

2016-06-29 reuters
HONG KONG Foreign takeover bids by little-known Chinese companies, from real estate firms to a vacuum cleaner maker, are driving a surge in the due diligence industry as their targets and even rival suitors seek to answer the question, "Who are these guys?"

HK tycoon Woo seeks bidders for US$1 bil-plus telecoms unit, from KKR to Anbang - sources

2016-06-13 www2.theedgemarkets
HONG KONG (June 13): Hong Kong tycoon Peter Woo's Wharf Holdings Ltd plans to sell its telecoms business in a deal that could be worth more than US$1 billion, people familiar with the matter said, and has asked more than a dozen potential suitors, including both giant Chinese insurers and Western buyout firms, to submit bids.

Chinese stocks snap six-week losing streak but gains not seen as sustainable amid weaker yuan risk

2016-06-03 scmp
Mainland Chinese stocks broke a six-week losing streak on Friday as the market rallied on speculation that the index compiler MSCI would include Chinese A shares to its global index in mid-June.

Dah Sing closes higher in Hong Kong on agreement to sell insurance unit for HK$10.6 billion

2016-06-03 scmp
Fujian Thai Hot will purchase Dah Sing’s life insurance operations in Hong Kong and Macau and enter into distribution agreements with both Dah Sing Life Assurance Company (DLSA) and Macau Insurance Company

Hong Kong stocks advance, Dah Sing rallies on announced sale of insurance unit

2016-06-03 scmp
Hong Kong stocks opened higher and held onto gains by Friday noon, boosted by an overnight advance in US equities, with shares of two Dah Sing’s companies rising sharply on news the financial group’s insurance unit is to be sold to a Chinese conglomerate.

Dah Sing stocks jump in Hong Kong on agreement to sell insurance unit for HK$10.6 billion

2016-06-03 scmp
Fujian Thai Hot will purchase Dah Sing’s life insurance operations in Hong Kong and Macau and enter into distribution agreements with both Dah Sing Life Assurance Company (DLSA) and Macau Insurance Company.