Source:
https://scmp.com/article/1002460/who-isnt-underwriting-piccs-stock-offering

Who isn't underwriting PICC's stock offering?

People's Insurance Company of China (PICC), one of the mainland's largest insurers, has added an army of 14 investment banks to help sell its stocks in an initial public offering in Hong Kong, according to market sources.

The state-owned insurer is seeking a dual listing in Hong Kong and Shanghai this year. It aims to raise US$3 billion in its H-share listing in Hong Kong, and more than 10 billion yuan (HK$12.2 billion) in its A-share offering in Shanghai.