Chinese IPO

New China Life targets $4 billion IPO

China's third-biggest life insurer is braving the market with an initial public offering that could raise as much as $4 billion.

<div style="text-align: left;"> New China Life’s deal is the first sizable IPO in Hong Kong after the US downgrade (ImagineChina) </div>

Lillian Liu

August 12, 2011

Apparently not all issuers are daunted by the market crash. New China Life Insurance, the country’s third-biggest life insurer in terms of premiums, filed an application yesterday to the Hong Kong exchange to raise up to $4 billion in a dual initial public offering in Hong Kong and Shanghai.

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