CHINESE ONLINE INSURER ZhongAn PLANS $1B IPO IN HONG KONG

China’s first online-only insurer, ZhongAn Online Property and Casualty has been given the green light to launch an Initial Public Offer (IPO) in Hong Kong which is expected to raise more than $1billion in finance.

According to Reuters, the insurer was granted approval from the Hong Kong stock exchange for its listing and is currently assessing investors’ appetite for its IPO.

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