Canada 's Manulife Financial is close to finalising a deal to acquire Standard Chartered 's Hong Kong pensions business of emerging markets for circa . $ 500 million , as Manulife steps up its Asian presence , in a quest for faster growth . This sale marks a further exit from Hong Kong by Standard Chartered , following its exit from the consumer finance unit last year .
Canada's Manulife Financial is close to finalising a deal to buy Standard Chartered's Hong Kong pensions business of emerging markets for circa. $400m, as Manulife steps up its Asian presence, in a quest for faster growth. This sale marks a further retreat from Hong Kong by Standard Chartered, following its exit from the consumer finance unit last year.