Asia Pacific, Deal Makers, Financial, News

Chinese Internet Insurer Selects Credit Suisse, JP Morgan, UBS to Sponsor HK IPO

Chinese Internet Insurer Selects Credit Suisse, JP Morgan, UBS to Sponsor HK IPO

Zhong An Online Property and Casualty Insurance has tapped three banks as sponsors of $2 billion initial public offering in Hong Kong. Backed by Chinese internet companies Tencent Holdings Ltd and Ant Financial, Zhong An picked Credit Suisse, JP Morgan, and UBS to lead the offering, which is expected to take place in 2017.

“Zhong An Online Property and Casualty Insurance has tapped three banks as sponsors of $2 billion initial public offering in Hong Kong.”

~Reuters

The Zhong An listing would come as China’s biggest peer-to-peer lending platform, Lufax, is also looking to go public in a $5 billion deal. Lufax, which is backed by Ping An Insurance Co of China Ltd  is in talks with four investment banks including Citigroup and Morgan Stanley to lead its listing.

Related Reports: Reuters, Business Insider

 

About Zhong An Online Property and Casualty Insurance

Zhong An Online P&C Insurance Co., Ltd. offers online insurance services. The company offers e-commerce, mobile payment, and financing guarantee for Internet businesses and users. The company was founded in 2013 and is headquartered in Shanghai, China.

 

Visit: Zhong An 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

 

Previous ArticleNext Article