Top 10 Asia stories of 2017
By Tom Carnegie, 28 Dec 17
A new multi-wrapper platform, China’s asset management industry topping $7.5trn and a Hong Kong IFA firm having its office raided were some of the top stories for our audience in Asia in 2017. Click through the slides to see the others.
Standard Life, in March, agreed to sell its wholly-owned Hong Kong life operation to its Chinese joint venture company Heng An Standard Life Insurance Company.
The Standard Life (Asia) deal is expected to take a year and a half to complete, subject to local regulatory and other approvals in Mainland China and Hong Kong.
The final consideration will be calculated as at the date of completion and will be payable in cash.
HASL’s insurance business, which is focused on China, was established in 2003 as a joint venture between Standard Life and Tianjin TEDA International Holding (Group).
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