AIG sold a chunk of its stake in China's PICC for $1.25 billion, joining other big financial companies in stepping away from holdings on the mainland.
As the Asia-Pacific Economic Cooperation CEO Summit kicked off Tuesday, General Electric and AIA were some of the top names lauding recent accomplishments.
The meltdown in Chinese stocks last month will not dent the growth story in the world's second-biggest economy, the boss of AIA Group said.
A sell-off unfolded in Asia's stock markets on Friday, hit by a triple whammy of U.S. losses, a continued slump in commodities and soft Chinese data.
AIA Group remains committed to Asia and has no plans to venture abroad, Group CEO and President Mark Tucker said.
Shares in Chinese real estate developer Dalian Wanda traded flat as concerns about debt and a high valuation offset optimism.
The countdown has begun for the launch of the Shanghai-HK stock connect, but how can investors position for the milestone cross-border trading link?
Singaporeans are the most concerned about retirement compared to other Southeast Asia nations, a study by AIA published this week found this week.
Asian equity markets finished mostly higher on the final trading day of the week following another record close for the S&P 500 overnight.
Citigroup has picked AIA as its partner in a deal that allows the insurer's products to be sold through the U.S. bank's network. The FT reports.
Improving mainland economic data and hopes for export gains as the U.S. economy recovers have boosted Hong Kong stocks but some players, including Goldman Sachs, are sounding warnings.
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Asian shares retreated from multi-month highs on Wednesday amid caution as the earnings season gathers pace, with Tokyo stocks falling to three-week closing lows.
Block deals hit a record $57.3 billion this year as they become the mainstay of Asian investment banks, bringing relief to IPO-starved equity capital markets (ECM) bankers in the region.
Asian shares posted gains on Tuesday, tracking the overnight gains in U.S. stocks, as fresh signs of compromise maintained a new optimism that the U.S. "fiscal cliff" budget tussle could be settled before tax hikes and spending cuts begin to bite early next year.
Asian stocks were mixed on Monday as investors indulged in profit-taking after last week's extensive rally but Japanese equities jumped to an eight-month high after the Liberal Democratic Party of Japan's electoral triumph propelled the yen to a 20-month low.
American International Group may raise up to $6.5 billion through the sale of its remaining stake in Asian insurer AIA, a source said on Monday.
Asian shares were mixed on Tuesday, as prices were capped as investors waited for the U.S. Federal Reserve's policy decision this week and any progress in U.S. budget talks.
Shares in Chinese state-owned insurer PICC Group surged in its Hong Kong trading debut on Friday, a lone bright spot in an otherwise dismal year for initial public offerings in the city and most other big regional markets.
Asian shares were mixed on Thursday after U.S. President Barack Obama said a deal to avert the so-called fiscal cliff of year-end tax hikes and spending cuts was possible in "about a week" if Republicans compromise on taxes.