News Snapshot:
[Stock Market] Tycoon Richard Li’s FWD files for $1bn Hong Kong IPO FWD, the Asian insurer founded by a son of property tycoon Li Ka-shing, has filed for a Hong Kong initial public offering that aims to raise at least $1bn after its attempt to list on Wall Street came under intense scrutiny from US regulators last year. The share sale by the rapidly expanding insurer started by Richard Li in 2013 underscores Hong Kong’s increasingly vital role as a China-friendly offshore financial centre, as US regulators apply greater scrutiny to mainland Chinese and Hong Kong companies that seek to...
