China Pacific sounds out market for H-share IPO

The Chinese insurance company aims to raise $3.2 billion from a Hong Kong listing by the end of March, but has set no firm timetable for the launch of the offering.

China Pacific Insurance yesterday started to sound out the market for a Hong Kong IPO which at $3.2 billion would become the largest H-share offering since China Citic Bank raised $4.2 billion in April last year.

ChinaƆs third largest life insurer is expected to attract a lot of attention from international investors because of its size and the rapid development of private insurance in China, but it could have chosen a better day to share its story. Regional markets tumbled...

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