Hong Kong insurers attractive acquisition targets for mainland entities
Posted On: Mar. 27, 2017 5:00 AM CSTHong Kong insurers remain attractive acquisition targets for mainland China investors amid a depreciating Chinese yuan and favorable laws and regulations in Hong Kong, South China Morning Post reported. There have been more than 20 proposed takeovers in Hong Kong since 2014, of which mainland entities were the largest buyers by country of origin, Thomson Reuters said. Up to 37% of all insurance policies sold in Hong Kong were to mainland Chinese policy holders in 2016, up from nearly 22% in 2015.