Chong Hing Bank, which sold its stake in Hong Kong Life, will get HK$1.18 billion from the sale, allowing it to report an unaudited gain of HK$1.09 billion. Photo: SCMP

Chinese funds find sweet spot in city’s insurance sector

Wave of acquisitions in insurance sector began building momentum in 2014, say analysts

Topic |   Mergers & Acquisitions

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Chong Hing Bank, which sold its stake in Hong Kong Life, will get HK$1.18 billion from the sale, allowing it to report an unaudited gain of HK$1.09 billion. Photo: SCMP
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