The translation of the heading to English is: "Waterdrop plans secondary listing: Expansion strategies in the Asian financial center.
- The step follows adjustments to Chinese regulations.
- Waterdrop plans a second listing in Hong Kong for expansion.
Eulerpool News·
Waterdrop, a US-listed online insurance broker, is considering a secondary listing in Hong Kong to expand its business activities in the Asian financial hub. This strategic expansion was confirmed by CEO Shen Peng. Following a comprehensive adjustment of its business model due to Chinese regulatory changes, Waterdrop sees significant growth opportunities in Hong Kong. The insurance specialist plans to possibly realize the secondary listing within the next two years. The announcement was made on the sidelines of the Hong Kong FinTech Week, where Shen explained his plans to conference attendees and journalists from Bloomberg News. The move could help Waterdrop benefit from the dynamic financial markets in Hong Kong and strengthen its position in the international insurance sector.
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Oct 31, 2024