Hong Kong
Hong Kong Life Insurance sold in $914m deal
Hong Kong Life Insurance has been sold to local investment firm First Origin International for HK$7.1bn (£738m, $914m, €850m) in the latest insurance M&A deal in the special administrative region.
St James’s Places launches int’l investment plan in Hong Kong
St James’s Place has launch the international investment plan (IIP), an investment-linked assurance scheme (ILAS), in Hong Kong.
US robo adviser eyes Asia
Marketriders, a US robo adviser recently acquired by broker Sogotrade, has its sights on the Hong Kong and China markets.
Agriculture sector funds in HK carry highest fees
Agriculture is the most expensive equity sector for mutual fund investors, based on the average of annual fees charged by sector-focused funds available for sale in Hong Kong.
Int’l life company closures in HK ‘likely in near future’
Hong Kong will see an acceleration of the departure and downsizing of international life companies unless significant tax measures are taken to secure it as an insurance hub, according to an influential government advisory body.