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Posts tagged #ChinaInsurance

Profit Trading USA

@profittradingusa.bsky.social

8 months ago

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Richard Li’s China insurance expansion talks stall amid backlash to father’s port sale plan, Bloomberg reports (Reuters) -Billionaire Richard Li’s efforts to expand his insurance business into mainland China have been put on hold after Beijing reacted with fury to his father Li Ka-shing’s plan to sell a suite of global ports to U.S. firm BlackRock (NYSE:BLK), Bloomberg News reported on Thursday. Richard, business tycoon Li Ka-shing’s younger son, was in advanced talks to secure an insurance license in China, the report said, citing people familiar with the matter. The discussions were suspended shortly after the port sale was announced in early March amid growing uncertainty over Beijing’s stance on the deal, the report said. A deal would have given FWD Group, Li’s insurance firm, long-sought access to the lucrative Chinese market, possibly through an acquisition or partnership with a mainland insurance firm, it said. Reuters could not immediately verify the report. FWD Group did not immediately respond to a Reuters’ request for comment. FWD Group raised $442 million through an initial public offering in Hong Kong earlier this week.

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CTrend FX - Algorithmic Trading Solutions

@ctrendfx.bsky.social

11 months ago

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ICYMI - China’s life insurers could unleash powerful new gold demand TD Securities notes that the Shanghai Gold Exchange has admitted four major Chinese life insurance companies as members under a new pilot program, potentially paving the way for a significant surge in institutional gold demand. The inclusion grants these insurers access to purchase gold directly through the exchange—marking a notable shift in policy that could expand the network of domestic buyers. Together, the four firms manage nearly CNY13 trillion in assets, representing close to two-thirds of the total potential demand that could emerge under the program. TD Securities says this development could generate a “massive new buying impulse” for gold, as institutional capital flows increasingly into the precious metal amid a changing regulatory landscape. This article was written by Eamonn Sheridan at www.forexlive.com.

| ctrendfx.com | bit.ly/CTrendFX1 #GoldDemand #ChinaInsurance #ShanghaiGoldExchange #Investing #PreciousMetals

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