The People ’s Insurance Group of China ( sic ) aims to raise more than $ 5000 through its forthcoming IPO in Shanghai , the biggest mainland listing so far this year . The company , which runs China ’s biggest non - life insurer , went public four years ago with a $ 3.1bn Hong Kong listing , and will be the fifth Chinese insurer listing in both Hong Kong and a mainland listing . it has sought a domestic listing for some time , but delayed its plans because of changes in China ’s listing rules and market turbulence .
The People’s Insurance Group of China (PICC) aims to raise more than $1.6bn through its forthcoming IPO in Shanghai, the biggest mainland listing so far this year. The company, which runs China’s biggest non-life insurer, went public four years ago with a $3.1bn Hong Kong listing, and will be the fifth Chinese insurer listing in both Hong Kong and a mainland exchange. PICC has sought a domestic listing for some time, but delayed its plans because of changes in China’s listing rules and market turbulence.