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Hong Kong-based AIA Group reported a sizeable jump in the value of new business, a key industry metric. Photo: Shutterstock
Insurance

AIA’s 2023 profit jumps 15% on insurance sales to mainland visitors

14 Mar 2024 - 5:31PM

AIA Group’s new sales in Hong Kong and mainland China continued to grow in the first two months of the year, indicating strong momentum from last year is carrying over in its two major markets, according to its top boss.

Hong Kong-based AIA Group reported a sizeable jump in the value of new business, a key industry metric. Photo: Shutterstock

AIA’s 2023 profit jumps 15% on insurance sales to mainland visitors

AIA Group’s new sales in Hong Kong and mainland China continued to grow in the first two months of the year, indicating strong momentum from last year is carrying over in its two major markets, according to its top boss.

14 Mar 2024 - 5:31PM

Hong Kong take-private deals jump as poor valuations dismay investors

Hong Kong-listed firms have been involved in US$4 billion worth of take-private deals already in 2024, compared with US$1.2 billion for the whole of last year, with investors often dismayed by poor valuations.

14 Mar 2024 - 4:02PM

Blockchain needs shrewd financial regulation: Franklin Templeton boss

Blockchain is shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds, regulators will need to step up their game when it comes to consumer protection and oversight, says the president and chief executive of fund manager Franklin Templeton.

5 Mar 2024 - 7:15PM
Hong Kong-listed firms have been involved in US$4 billion worth of take-private deals already in 2024. Photo: Sun Yeung

Hong Kong take-private deals jump as poor valuations dismay investors

Hong Kong-listed firms have been involved in US$4 billion worth of take-private deals already in 2024, compared with US$1.2 billion for the whole of last year, with investors often dismayed by poor valuations.

14 Mar 2024 - 4:02PM
Digital currencies

Blockchain needs shrewd financial regulation: Franklin Templeton boss

Blockchain is shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds, regulators will need to step up their game when it comes to consumer protection and oversight, says the president and chief executive of fund manager Franklin Templeton.

Blockchain is shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds, regulators will need to step up their game when it comes to consumer protection and oversight, says the president and chief executive of fund manager Franklin Templeton.

5 Mar 2024 - 7:15PM
China property

China Vanke pledges to repay offshore debts due soon amid liquidity concerns

The country’s second-largest developer has assured investors it has the funds in place to repay its outstanding offshore debts coming due soon, as its shares and bonds tumbled amid rumours about liquidity distress.

The country’s second-largest developer has assured investors it has the funds in place to repay its outstanding offshore debts coming due soon, as its shares and bonds tumbled amid rumours about liquidity distress.

5 Mar 2024 - 5:35PM

Hong Kong-listed companies see notable rise of gender diversity on boards

Hong Kong-listed firms have seen a notable rise of female representation on boards driven by regulation, but they still lag regional peers when it comes to women in key executive roles, according to MSCI.

27 Feb 2024 - 8:00AM
Hong Kong-listed companies see notable rise of gender diversity on boards

Sinopharm offers to take Hong Kong-listed China-TCM private in US$3 billion deal

A consortium led by state-owned Sinopharm has revived a take-private bid for China-TCM, the Hong-Kong-listed drug maker said on Wednesday, valuing it at US$2.96 billion.

22 Feb 2024 - 9:36AM
Sinopharm offers to take Hong Kong-listed China-TCM private in US$3 billion deal

China Vanke pledges to repay offshore debts due soon amid liquidity concerns

The country’s second-largest developer has assured investors it has the funds in place to repay its outstanding offshore debts coming due soon, as its shares and bonds tumbled amid rumours about liquidity distress.

5 Mar 2024 - 5:35PM

Hong Kong-listed companies see notable rise of gender diversity on boards

Hong Kong-listed firms have seen a notable rise of female representation on boards driven by regulation, but they still lag regional peers when it comes to women in key executive roles, according to MSCI.

27 Feb 2024 - 8:00AM

Sinopharm offers to take Hong Kong-listed China-TCM private in US$3 billion deal

A consortium led by state-owned Sinopharm has revived a take-private bid for China-TCM, the Hong-Kong-listed drug maker said on Wednesday, valuing it at US$2.96 billion.

22 Feb 2024 - 9:36AM
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