People's Insurance Company of China given green light for Hong Kong IPO
The state-owned People's Insurance Company of China, one of the country's biggest insurers by premiums, received Hong Kong regulatory listing approval on Thursday for its IPO, The Wall Street Journal reported.
The IPO could raise between $3bn and $4bn, a person familiar with the matter told the publication.
PICC, the parent of Hong Kong-listed property insurer PICC Property and Casualty, will not start
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