UK insurer to move Asian investment headquarters to Hong Kong

Insurers Standard Life and HIH have joined forces with a mainland China conglomerate, China Everbright, pushing life products to Hong Kong's young and educated market and selling investment funds in the process. Relying on HIH's referral power, Standard Life's financial planning expertise and China Everbright's connections in high places, senior company officials expect the joint venture to break even in four years time for its HK$200 million initial investment.