Asia
hsbcs ping an insurance stake sale hits problems
HSBC’s planned sale of its $9.4bn stake in Ping An Insurance to Thai conglomerate CP group is likely to be rejected by China’s insurance regulator, according to reports.
prudential in deal with acleda bank
Prudential Corporation Asia has established a “long term strategic distribution partnership” with ACLEDA Bank Plc to market life insurance products in Cambodia, and has signed up its first clients there.
Singapore signs up for IMF financial stability
Singapore’s financial regulator and central bank has said the country will participate in the International Monetary Fund’s Financial Sector Assessment Programme in 2013.
friends life sells 30 malaysia insurer stake back
Resolution Ltd’s Friends Life subsidiary has sold its 30% stake in the Malaysian Shariah-compliant insurance business it acquired in 2008 back to its joint venture partner, AmBank Group.
insurance company and director acquitted
An insurance company and one of its directors in Hong Kong have been acquitted of aiding and abetting unlicensed sales of an investment fund.