HONG KONG Oct 5 Chinese internet insurer Zhong
An Online Property and Casualty Insurance has picked three banks
as sponsors of a planned initial public offering in Hong Kong
worth about $2 billion, IFR reported on Wednesday, citing people
familiar with the deal.
Zhong An, backed by Chinese internet companies Tencent
Holdings Ltd and Ant Financial, selected Credit
Suisse, JPMorgan and UBS to lead the offering, expected to take
place in 2017, added IFR, a Thomson Reuters publication.
Zhong An didn't immediately reply to a Reuters request for
comment during a holiday week in mainland China. Credit Suisse,
JPMorgan and UBS also didn't return Reuters' requests for
(Reporting by Fiona Lau; Writing by Elzio Barreto; Editing by