Asia Insurance to benefit as Hong Kong Life agrees sale


The move is being majority funded by financial services group UCF Group - a conglomerate led by Chinese businessman Zhang Zhenxin; UCF was established in 2003 and has headquarters in Hong Kong with businesses in China, South-East Asia and Europe; the firm focuses on fintech, healthcare and investment. Chong Hing bank said Origin mainly focuses on investments in the financial and technology sectors in Asia. Private independent insurer Hong Kong Life is a joint venture established by Asia Ins