China Pacific Insurance gained approval from the listing committee of Hong Kong’s stock exchange for its $3.4bn Hong Kong IPO, reports Reuters.  The development clears the way for China’s third-largest life insurer to launch its long-delayed Hong Kong listing. China Pacific, part-owned by US buy-out firm Carlyle Group, received Beijing’s approval for the listing on Wednesday.

This entry was posted by Gwen Robinson on Friday, November 27th, 2009 at 4:45 and is filed under Capital markets. Tagged with China Pacific Insurance. Edit this entry.