Mainland China’s Sunshine Insurance seeks US$2 billion listing in boost for Hong Kong’s flagging IPO market, sources say

• Should it achieve the high end of its price target, it would be in a two-horse race for biggest IPO so far this year with private equity firm PAG
• It is the second big insurer this year to seek a Hong Kong listing, along with FWD Group Holdings, backed by local billionaire Richard Li Tzar-kai