New China Life targets $4 billion IPO

China's third-biggest life insurer is braving the market with an initial public offering that could raise as much as $4 billion.

New China Life targets $4 billion IPO

Apparently not all issuers are daunted by the market crash. New China Life Insurance, the country’s third-biggest life insurer in terms of premiums, filed an application yesterday to the Hong Kong exchange to raise up to $4 billion in a dual initial public offering in Hong Kong and Shanghai.

If approved, the deal will test investor confidence in a market that has recorded historically poor performance and an industry that is still very immature in...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: new china life | chinese ipo | life insurer

Print Edition

FinanceAsia Print Edition