Month: December 2021

Dec 21 2021

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Richard Li’s FWD Withdraws U.S. IPO Plan With Pivot to Hong Kong

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FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China tightens its grip on overseas listings. The company said in...

Dec 21 2021

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National Employment Savings Trust ditches stake in Exxon Mobil

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More than ten million British employees are disinvesting from America’s biggest oil and gas company after their pension fund sold all its shares in the company.

Dec 17 2021

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Willis Towers Watson proposes adding China index for Hong Kong’s MPF

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Willis Towers Watson is proposing to add the FTSE MPF China Index as a benchmark to gauge performance of the Hong Kong Mandatory Provident Fund’s (MPF) investments in Hong Kong...

Dec 17 2021

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FWD to drop New York listing to sell shares in Hong Kong after a US$1.4 billion private placement with global investors, source says

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Rising geopolitical tension between the United States and China, which has caught Hong Kong in the crossfire, has given the insurer cause for caution, the source said, citing Didi Global’s...

Dec 17 2021

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Insurance of the future: An interview with Ren Huichuan of Tencent

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The senior adviser for the Tencent Group discusses the competitive advantages of WeSure, the group’s insurance agency platform.

Dec 17 2021

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Apollo, CPPIB and others back FWD in $1.4bn private placement

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FWD Group Holdings, a Hong Kong-based life insurance business, has agreed to receive private placements totaling $1.425 billion.

Dec 17 2021

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Pennsylvania pension fund for state workers follows PSERS and revises staff travel rules

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The $38 billion pension fund for state government retirees is taking steps to control travel costs by its investment staff. The larger fund for retired teachers had previously adopted the...

Dec 17 2021

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Billionaire Richard Li’s FWD to raise US$1.4b, weighs Hong Kong IPO: sources

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Billionaire Richard Li’s FWD Group is nearing a deal to raise more than US$1.4 billion in a private placement as the Asian insurer prepares for a potential Hong Kong initial...

Dec 16 2021

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Hong Kong, Macau retirement scheme supervisors ink information exchange pact

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Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) and Macau’s de facto central bank have signed an agreement to exchange information on the retirement schemes in their respective cities.

Dec 04 2021

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Third of Hongkongers with BN(O) status considering UK move, 6 per cent are doing so, Oxford University survey finds

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Oxford University research reveals potential movers tend to be millennials or younger, well off financially and university-educated.