Multiple bids for AXA’s HK unit

Source:Global Times Published: 2017/9/14 21:53:40

About two dozen companies, mostly from China, are competing in a bid to purchase French insurer AXA SA's wealth management unit in Hong Kong, Reuters reported on Wednesday.

The Chinese bidders include China Taiping and Country Garden Holdings Co, according to Reuters, which cited unidentified sources. The report said most companies are after the unit's insurance license to the lucrative Hong Kong insurance market.

Companies from the Chinese mainland have shown great interest in Hong Kong's insurance companies, as the sector is thriving on demand from the mainland for premiums.

 

Posted in: COMPANIES

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