Top 10 Asia stories of 2017
By Tom Carnegie, 28 Dec 17
A new multi-wrapper platform, China’s asset management industry topping $7.5trn and a Hong Kong IFA firm having its office raided were some of the top stories for our audience in Asia in 2017. Click through the slides to see the others.
In January, British insurance giant Aviva agreed to sell two thirds of its Hong Kong life business to Chinese tech firm Tencent and private equity firm Hillhouse Capital in a deal which saw the unit transform into a digital insurer.
Under the terms of the deal Aviva Hong Kong retained 40% of the business, with Tencent purchasing 20% and Hillhouse 40% for an undisclosed sum.
The new joint venture focuses on selling basic life insurance and investment products online in the territory, a spokesperson for Aviva said.
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