China 's first purely online insurer, Zhong An and Casualty Insurance, is aiming to raise at least $ 1bn in a China initial public offering (IPO) in the second half of the year , according to a source with knowledge of the matter. In the second half of the year Zhong An chose UBS , JPMorgan and JPMorgan to lead a mainland listing, however it opted to revert to a Hong Kong listing due to delays in the mainland regulatory process.
China's first purely online insurer, Zhong An Online Property and Casualty Insurance, is aiming to raise at least $1bn in a Hong Kong initial public offering (IPO) in the second half of the year, according to a source with knowledge of the matter. In October 2016 Zhong An chose Credit Suisse, UBS and JPMorgan to lead a mainland listing, however it opted to revert to a Hong Kong listing due to delays in the mainland regulatory process.