PICC begins pre-marketing

China''s largest property and casualty insurer hopes to raise $400 million to $500 million from its IPO.

Jackie Horne

September 26, 2003

Pre-marketing begins today (Tuesday) for what is expected to be an offering of 30% of PICC Property & Casualty Company. Early signs of strong demand will be critical to ensuring the Hong Kong listing a success, since the Chinese insurance sector is about to completely monopolise investors' attention over the coming two months.

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