Bankers start pre-marketing New China Life Insurance

New China Life Insurance yesterday started marketing for its dual listing in Hong Kong and Shanghai, with the management getting on the road in China and bankers starting pre-marketing to international institutions. The Chinese insurer aims to raise between $1.5 billion and $2.5 billion through the H-share offering in Hong Kong and as much as $1 billion through an A-share offering in Shanghai, according to sources.

However, given the continued volatility in global equity markets and the large number of IPOs set to fight for investors’ attention in Hong...