Dah Sing sale shows China’s insurance hunger

Mainland firms are looking to diversify offshore as the renminbi depreciates, with the goal of helping wealthy Chinese individuals buy financial products in Hong Kong.

Dah Sing Financial Group’s sale of its insurance arm to Chinese conglomerate Fujian Thai Hot Investment for HK$10.6 billion ($1.4 billion) after a fiercely contested auction illustrates just how keen mainland firms are for overseas assets.

¬ Haymarket Media Limited. All rights reserved.

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