CPIC plans strategic offshore investments after UK listing
China’s third-largest insurer will target long-term strategic investments into overseas insurers after its $1.81 billion GDR listing in London, says its group chief investment officer.
.jpg&c=1&h=677&q=100&v=20244031&w=1204)
China Pacific Insurance (CPIC), which has become the first Chinese insurer to be listed in the three markets of Shanghai, Hong Kong and London, intends to make strategic investments into overseas insurers after its new UK share issuance.
“Most of the funds raised from the GDRs [global depositary receipts] will be used for long-term strategic investments around the core business,” Benjamin Deng, group chief investment officer, told AsianInvestor.
The insurer has raised …
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.