HONG KONG, 26 October 2016 – AIA Group Limited (stock code: 1299) (“AIA”), the largest independent publicly listed pan-Asian life insurance group, today announced it has joined the Hong Kong Monetary Authority’s Infrastructure Financing Facilitation Office (“IFFO”).
As an IFFO partner, AIA will collaborate with a broad group of stakeholders from different industries and government-linked entities. It will do so in order to assist with the platform’s mission of facilitating and financing infrastructure investments and as well as promoting Hong Kong’s advantages as an infrastructure financing centre.
Dr. Mark Konyn, Group Chief Investment Officer, AIA Group, said, “We are delighted to be joining the IFFO and, alongside our partners, lending our strong support to its efforts to play an active role in the development of infrastructure projects across Asia.”
“We look forward to offering our insights and expertise as one of the largest investors in the Asia-Pacific region and one with a strictly long-term investment focus.”
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AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and representative offices in Myanmar and Cambodia.
The business that is now AIA was first established in Shanghai almost a century ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$181 billion as of 31 May 2016.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 29 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
Infrastructure Financing Facilitation Office (“IFFO”) is a platform established in July 2016 by the Hong Kong Monetary Authority (HKMA).
The mission of IFFO is to facilitate infrastructure investments and their financing by working with a cluster of key stakeholders. The functions of IFFO are:
- providing a platform for information exchange and experience sharing;
- building capacity and knowledge on infrastructure investments and financing;
- promoting market and product development; and
- facilitating infrastructure investment and financing flows.
AIA Group Limited is incorporated in Hong Kong with limited liability. 友邦保險控股有限公司是於香港註冊成立之有限公司。